Inspire Investing LLC Has $411,000 Stock Holdings in Visteon Co. (NASDAQ:VC)

Inspire Investing LLC raised its stake in shares of Visteon Co. (NASDAQ:VC) by 31.0% during the third quarter, Holdings Channel reports. The firm owned 4,317 shares of the company’s stock after buying an additional 1,022 shares during the period. Inspire Investing LLC’s holdings in Visteon were worth $411,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VC. American Century Companies Inc. lifted its holdings in Visteon by 1,459.9% during the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after purchasing an additional 489,959 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Visteon by 10.0% in the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock valued at $161,760,000 after acquiring an additional 137,264 shares during the last quarter. Millennium Management LLC raised its stake in shares of Visteon by 24.4% in the second quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock valued at $60,663,000 after acquiring an additional 111,377 shares during the last quarter. Lodge Hill Capital LLC bought a new stake in Visteon during the 2nd quarter worth approximately $11,204,000. Finally, Dimensional Fund Advisors LP increased its holdings in Visteon by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock valued at $71,552,000 after purchasing an additional 83,840 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on VC shares. Royal Bank of Canada decreased their target price on Visteon from $144.00 to $129.00 and set an “outperform” rating on the stock in a report on Thursday, August 22nd. Robert W. Baird reissued a “neutral” rating and set a $120.00 price objective (down previously from $137.00) on shares of Visteon in a report on Friday, July 12th. Citigroup dropped their target price on shares of Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, July 12th. TD Cowen decreased their price target on shares of Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Morgan Stanley dropped their price objective on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Visteon currently has an average rating of “Moderate Buy” and a consensus target price of $128.86.

Visteon Trading Up 1.3 %

NASDAQ VC opened at $91.54 on Friday. Visteon Co. has a 12 month low of $88.37 and a 12 month high of $136.40. The stock has a 50-day simple moving average of $95.22 and a 200 day simple moving average of $104.54. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.53 billion, a PE ratio of 5.23, a P/E/G ratio of 0.44 and a beta of 1.45.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the business posted $1.18 EPS. Visteon’s revenue was up 3.2% on a year-over-year basis. Research analysts forecast that Visteon Co. will post 8.06 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the transaction, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

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.