Edgestream Partners L.P. Boosts Stock Position in Visteon Co. (NASDAQ:VC)

Edgestream Partners L.P. raised its stake in shares of Visteon Co. (NASDAQ:VC) by 46.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,573 shares of the company’s stock after acquiring an additional 15,513 shares during the period. Edgestream Partners L.P.’s holdings in Visteon were worth $4,309,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. KBC Group NV raised its stake in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after buying an additional 247 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after buying an additional 754 shares in the last quarter. Covestor Ltd raised its stake in shares of Visteon by 14.8% during the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after buying an additional 202 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of Visteon during the 3rd quarter worth approximately $164,000. Finally, Entropy Technologies LP purchased a new position in shares of Visteon during the 4th quarter worth approximately $214,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Trading Up 0.4 %

Shares of VC opened at $87.68 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.37 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The stock’s fifty day simple moving average is $85.33 and its 200 day simple moving average is $90.44. Visteon Co. has a twelve month low of $75.75 and a twelve month high of $121.45.

Visteon (NASDAQ:VC) last issued its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. On average, equities research analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Visteon Profile

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.