Intech Investment Management LLC Increases Position in Visteon Co. (NASDAQ:VC)

Intech Investment Management LLC increased its position in Visteon Co. (NASDAQ:VC) by 205.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,853 shares of the company’s stock after acquiring an additional 8,651 shares during the period. Intech Investment Management LLC’s holdings in Visteon were worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Visteon by 24.2% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 173,771 shares of the company’s stock worth $16,550,000 after purchasing an additional 33,836 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Visteon by 52.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 5,638 shares of the company’s stock worth $537,000 after buying an additional 1,929 shares during the period. Quest Partners LLC raised its position in Visteon by 75.1% during the 3rd quarter. Quest Partners LLC now owns 18,987 shares of the company’s stock worth $1,808,000 after buying an additional 8,146 shares during the last quarter. Royce & Associates LP lifted its stake in Visteon by 28.2% during the 3rd quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock valued at $19,259,000 after acquiring an additional 44,460 shares during the period. Finally, Curi RMB Capital LLC boosted its holdings in shares of Visteon by 4.1% in the 3rd quarter. Curi RMB Capital LLC now owns 109,794 shares of the company’s stock valued at $10,457,000 after acquiring an additional 4,282 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Barclays dropped their target price on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. The Goldman Sachs Group lowered their price objective on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Wolfe Research initiated coverage on shares of Visteon in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Royal Bank of Canada lowered their price target on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.57.

Visteon Stock Down 4.6 %

VC stock opened at $91.47 on Wednesday. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 4.97, a PEG ratio of 0.44 and a beta of 1.45. The firm has a 50-day moving average of $92.29 and a two-hundred day moving average of $100.59. Visteon Co. has a 12 month low of $86.27 and a 12 month high of $131.70. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same quarter in the previous year, the company posted $2.35 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts forecast that Visteon Co. will post 8.2 earnings per share for the current fiscal year.

Visteon Company 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.