4,202 Shares in Visteon Co. (NASDAQ:VC) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in Visteon Co. (NASDAQ:VC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,202 shares of the company’s stock, valued at approximately $448,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Visteon by 1,459.9% during the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock worth $55,860,000 after purchasing an additional 489,959 shares in the last quarter. Norges Bank acquired a new position in shares of Visteon in the 4th quarter valued at approximately $40,092,000. Victory Capital Management Inc. boosted its position in shares of Visteon by 10.0% during the 2nd 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 in the last quarter. Cubist Systematic Strategies LLC increased its stake in Visteon by 416.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock valued at $18,619,000 after acquiring an additional 120,210 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Visteon by 14.3% during the second 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. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now directly owns 5,988 shares in the company, valued at $669,039.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Visteon Stock Performance

NASDAQ VC opened at $96.36 on Friday. The stock has a fifty day simple moving average of $99.95 and a 200 day simple moving average of $107.11. Visteon Co. has a twelve month low of $88.37 and a twelve month high of $142.20. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.47 and a beta of 1.46. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned $1.18 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Sell-side analysts expect that Visteon Co. will post 8.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VC. Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $115.00 to $122.00 in a research note on Friday, September 20th. UBS Group lowered their target price on Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $124.00 price target on shares of Visteon in a research note on Tuesday, September 10th. Wolfe Research initiated coverage on shares of Visteon in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, The Goldman Sachs Group cut their target price on shares of Visteon from $161.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.36.

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.