Covestor Ltd Buys 737 Shares of Visteon Co. (NASDAQ:VC)

Covestor Ltd increased its position in shares of Visteon Co. (NASDAQ:VC) by 47.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,304 shares of the company’s stock after purchasing an additional 737 shares during the quarter. Covestor Ltd’s holdings in Visteon were worth $205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after buying an additional 347 shares in the last quarter. Signaturefd LLC increased its position in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after purchasing an additional 263 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after purchasing an additional 1,061 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after buying an additional 754 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after buying an additional 450 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Performance

VC opened at $67.04 on Friday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 0.42 and a beta of 1.32. The company’s fifty day moving average price is $81.37 and its two-hundred day moving average price is $87.00. Visteon Co. has a 1-year low of $65.10 and a 1-year high of $117.94. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. On average, analysts expect that Visteon Co. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VC shares. Wells Fargo & Company lifted their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. UBS Group reaffirmed a “neutral” rating and set a $76.00 target price (down from $114.00) on shares of Visteon in a report on Thursday. Royal Bank of Canada decreased their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Barclays cut their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, Morgan Stanley lowered their price target on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $108.75.

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.