Franklin Resources Inc. Acquires 171 Shares of Visteon Co. (NASDAQ:VC)

Franklin Resources Inc. lifted its stake in Visteon Co. (NASDAQ:VC) by 0.8% during the third quarter, HoldingsChannel reports. The firm owned 20,620 shares of the company’s stock after purchasing an additional 171 shares during the period. Franklin Resources Inc.’s holdings in Visteon were worth $1,881,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after acquiring an additional 119 shares in the last quarter. nVerses Capital LLC increased its position in Visteon by 22.2% during the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after purchasing an additional 200 shares during the period. Covestor Ltd raised its holdings in shares of Visteon by 14.8% in the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after purchasing an additional 202 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Visteon by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock worth $306,000 after purchasing an additional 215 shares during the period. Finally, KBC Group NV boosted its stake in shares of Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after purchasing an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VC shares. Wolfe Research initiated coverage on shares of Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. decreased their price objective on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. The Goldman Sachs Group reduced their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. Finally, Royal Bank of Canada decreased their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Visteon presently has a consensus rating of “Moderate Buy” and an average price target of $127.15.

Visteon Price Performance

NASDAQ VC opened at $88.08 on Friday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 4.78, a PEG ratio of 0.44 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The stock’s fifty day moving average price is $91.44 and its 200 day moving average price is $97.66. Visteon Co. has a 1 year low of $84.01 and a 1 year high of $130.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.37. The firm had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $2.35 earnings per share. As a group, equities research analysts forecast that Visteon Co. will post 8.2 earnings per share for the current year.

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.