Advisors Asset Management Inc. Buys 1,929 Shares of Visteon Co. (NASDAQ:VC)

Advisors Asset Management Inc. grew its holdings in shares of Visteon Co. (NASDAQ:VC) by 52.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,638 shares of the company’s stock after purchasing an additional 1,929 shares during the quarter. Advisors Asset Management Inc.’s holdings in Visteon were worth $537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VC. Tidal Investments LLC lifted its holdings in shares of Visteon by 29.4% during the 1st quarter. Tidal Investments LLC now owns 6,232 shares of the company’s stock valued at $733,000 after purchasing an additional 1,415 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Visteon by 25.9% during the 1st quarter. Atria Investments Inc now owns 21,642 shares of the company’s stock valued at $2,545,000 after purchasing an additional 4,458 shares during the last quarter. Cetera Advisors LLC purchased a new position in Visteon in the 1st quarter worth $263,000. EverSource Wealth Advisors LLC raised its stake in Visteon by 189.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 34,554 shares of the company’s stock worth $3,823,000 after acquiring an additional 22,614 shares during the last quarter. Finally, Mather Group LLC. purchased a new position in Visteon in the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of VC opened at $92.07 on Thursday. The firm has a fifty day moving average price of $92.29 and a 200 day moving average price of $100.53. Visteon Co. has a 1-year low of $86.27 and a 1-year high of $131.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The stock has a market cap of $2.54 billion, a PE ratio of 5.00, a price-to-earnings-growth ratio of 0.46 and a beta of 1.45.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period in the prior year, the company earned $2.35 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Visteon Co. will post 8.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VC. Morgan Stanley reduced their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. JPMorgan Chase & Co. dropped their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Wolfe Research started coverage on shares of Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Royal Bank of Canada reduced their price target on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.57.

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.