Tectonic Advisors LLC Buys New Holdings in Visteon Co. (NASDAQ:VC)

Tectonic Advisors LLC purchased a new position in Visteon Co. (NASDAQ:VC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 25,519 shares of the company’s stock, valued at approximately $3,187,000. Tectonic Advisors LLC owned about 0.09% of Visteon as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VC. Westfield Capital Management Co. LP raised its stake in Visteon by 11.0% in the third quarter. Westfield Capital Management Co. LP now owns 664,137 shares of the company’s stock worth $91,697,000 after buying an additional 65,593 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Visteon by 1,842.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 27,444 shares of the company’s stock valued at $3,789,000 after buying an additional 26,031 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Visteon by 40.4% during the 3rd quarter. AQR Capital Management LLC now owns 66,670 shares of the company’s stock valued at $9,205,000 after buying an additional 19,196 shares in the last quarter. Comerica Bank purchased a new stake in shares of Visteon in the 3rd quarter worth about $12,222,000. Finally, Bank of New York Mellon Corp grew its holdings in Visteon by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 596,328 shares of the company’s stock worth $82,335,000 after purchasing an additional 19,296 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

VC has been the subject of several recent analyst reports. Royal Bank of Canada lowered their price target on Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Bank of America decreased their price target on Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. UBS Group upgraded Visteon from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $143.00 to $145.00 in a report on Wednesday, January 17th. BNP Paribas cut shares of Visteon from an “outperform” rating to a “neutral” rating and set a $130.00 target price on the stock. in a report on Wednesday, December 13th. Finally, Wells Fargo & Company raised their price target on Visteon from $101.00 to $106.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Visteon presently has a consensus rating of “Hold” and a consensus target price of $146.00.

Visteon Trading Down 0.4 %

Visteon stock opened at $112.97 on Wednesday. The firm’s 50 day moving average price is $116.64 and its 200-day moving average price is $122.15. The stock has a market cap of $3.11 billion, a P/E ratio of 6.58, a PEG ratio of 0.51 and a beta of 1.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42. Visteon Co. has a 1 year low of $108.65 and a 1 year high of $159.91.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, beating the consensus estimate of $2.09 by $10.92. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The company had revenue of $990.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business earned $1.32 earnings per share. Visteon’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities analysts predict that Visteon Co. will post 8.72 earnings per share for the current fiscal year.

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.