Visteon Co. (NASDAQ:VC) Position Boosted by Value Holdings Management CO. LLC

Value Holdings Management CO. LLC raised its stake in Visteon Co. (NASDAQ:VC) by 90.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,500 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Visteon accounts for about 0.5% of Value Holdings Management CO. LLC’s holdings, making the stock its 29th biggest position. Value Holdings Management CO. LLC owned approximately 0.11% of Visteon worth $2,795,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of VC. Hotchkis & Wiley Capital Management LLC bought a new position in Visteon in the 3rd quarter worth $10,779,000. Millennium Management LLC raised its stake in Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock valued at $60,663,000 after purchasing an additional 111,377 shares during the last quarter. Lodge Hill Capital LLC acquired a new stake in Visteon in the 2nd quarter worth $11,204,000. JPMorgan Chase & Co. grew its position in Visteon by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock worth $60,841,000 after buying an additional 88,288 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in shares of Visteon in the 4th quarter worth approximately $7,730,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VC has been the topic of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group dropped their price target on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. StockNews.com lowered Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Finally, Royal Bank of Canada lowered their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.15.

Visteon Price Performance

Shares of NASDAQ VC traded down $0.26 during midday trading on Friday, reaching $84.03. 211,444 shares of the company were exchanged, compared to its average volume of 253,435. The stock has a market cap of $2.32 billion, a P/E ratio of 4.56, a PEG ratio of 0.36 and a beta of 1.45. Visteon Co. has a one year low of $81.74 and a one year high of $123.73. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $89.63 and its 200-day moving average price is $95.48.

Visteon (NASDAQ:VC) last released its quarterly 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. The firm had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.35 EPS. On average, sell-side analysts anticipate that Visteon Co. will post 8.2 earnings per share for the current fiscal year.

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.