Xponance Inc. Purchases 175 Shares of Visteon Co. (NASDAQ:VC)

Xponance Inc. grew its position in Visteon Co. (NASDAQ:VC) by 4.7% during the fourth quarter, HoldingsChannel reports. The firm owned 3,898 shares of the company’s stock after buying an additional 175 shares during the period. Xponance Inc.’s holdings in Visteon were worth $346,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VC. Nordea Investment Management AB acquired a new position in Visteon in the fourth quarter valued at approximately $7,730,000. Systematic Financial Management LP boosted its stake in Visteon by 11.8% during the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock worth $24,728,000 after acquiring an additional 27,403 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Visteon by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company’s stock worth $32,526,000 after purchasing an additional 25,319 shares during the period. Value Holdings Management CO. LLC grew its holdings in Visteon by 90.9% in the fourth quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company’s stock worth $2,795,000 after purchasing an additional 15,000 shares during the period. Finally, Royce & Associates LP increased its stake in Visteon by 39.2% in the fourth quarter. Royce & Associates LP now owns 281,508 shares of the company’s stock valued at $24,975,000 after purchasing an additional 79,294 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Down 5.4 %

Visteon stock opened at $79.77 on Friday. Visteon Co. has a fifty-two week low of $75.75 and a fifty-two week high of $119.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The firm’s 50-day simple moving average is $84.20 and its 200 day simple moving average is $88.65. The stock has a market cap of $2.16 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39.

Visteon (NASDAQ:VC) last announced its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Research analysts predict that Visteon Co. will post 8.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VC shares. Morgan Stanley cut their price objective on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Barclays cut their price target on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company upped their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. TD Cowen began coverage on shares of Visteon in a research report on Friday, March 7th. They issued a “buy” rating and a $108.00 price target for the company. Finally, Royal Bank of Canada lowered their price objective on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.25.

About Visteon

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.