2,663 Shares in Visteon Co. (NASDAQ:VC) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in shares of Visteon Co. (NASDAQ:VC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,663 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds have also bought and sold shares of VC. Nordea Investment Management AB purchased a new stake in Visteon during the 4th quarter valued at about $7,730,000. Systematic Financial Management LP raised its holdings in Visteon by 11.8% in the 3rd quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock worth $24,728,000 after acquiring an additional 27,403 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Visteon by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company’s stock worth $32,526,000 after acquiring an additional 25,319 shares during the last quarter. Value Holdings Management CO. LLC lifted its position in Visteon by 90.9% in the 4th quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company’s stock valued at $2,795,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Visteon by 39.2% during the 4th quarter. Royce & Associates LP now owns 281,508 shares of the company’s stock valued at $24,975,000 after purchasing an additional 79,294 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Up 2.0 %

VC opened at $78.96 on Thursday. Visteon Co. has a fifty-two week low of $75.75 and a fifty-two week high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The firm’s fifty day moving average is $83.63 and its 200 day moving average is $88.25.

Visteon (NASDAQ:VC) last released its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. On average, sell-side analysts forecast that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VC has been the topic of a number of research analyst reports. 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 target price on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada reduced their price target on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Barclays dropped their target price on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Finally, TD Cowen initiated coverage on shares of Visteon in a research note on Friday, March 7th. They set a “buy” rating and a $108.00 target price for the company. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Visteon currently has an average rating of “Moderate Buy” and an average target price of $117.25.

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.