Visteon Co. (NASDAQ:VC) Shares Bought by Fmr LLC

Fmr LLC raised its position in shares of Visteon Co. (NASDAQ:VC) by 89.3% during the 3rd quarter, Holdings Channel reports. The firm owned 3,354 shares of the company’s stock after buying an additional 1,582 shares during the quarter. Fmr LLC’s holdings in Visteon were worth $319,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased 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 worth $161,760,000 after acquiring an additional 137,264 shares during the period. Massachusetts Financial Services Co. MA grew its position in Visteon by 6.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock worth $82,255,000 after purchasing an additional 55,465 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 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 buying an additional 83,840 shares during the last quarter. Millennium Management LLC raised its stake in shares of 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 buying an additional 111,377 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after buying an additional 489,959 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Trading Up 0.3 %

Shares of Visteon stock opened at $85.71 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. Visteon Co. has a twelve month low of $84.01 and a twelve month high of $130.10. The firm has a market capitalization of $2.37 billion, a PE ratio of 4.65, a P/E/G ratio of 0.44 and a beta of 1.44. The firm’s 50-day moving average price is $91.68 and its 200 day moving average price is $98.22.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.37. The business had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.35 earnings per share. On average, sell-side analysts predict that Visteon Co. will post 8.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VC shares. Royal Bank of Canada dropped their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Wolfe Research assumed coverage on shares of Visteon in a report on Thursday, September 5th. They set a “peer perform” rating for the company. The Goldman Sachs Group lowered their price target on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Finally, Barclays cut their price objective on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Visteon currently has an average rating of “Moderate Buy” and an average price target of $127.15.

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.