KBC Group NV Buys 247 Shares of Visteon Co. (NASDAQ:VC)

KBC Group NV boosted its stake in Visteon Co. (NASDAQ:VC) by 37.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 902 shares of the company’s stock after purchasing an additional 247 shares during the period. KBC Group NV’s holdings in Visteon were worth $86,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VC. Signaturefd LLC raised its holdings in Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after buying an additional 119 shares during the last quarter. Mather Group LLC. acquired a new position in Visteon in the 2nd quarter valued at approximately $59,000. Acadian Asset Management LLC bought a new position in shares of Visteon during the second quarter valued at $89,000. nVerses Capital LLC lifted its holdings in shares of Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after purchasing an additional 200 shares during the period. Finally, Covestor Ltd grew its stake in shares of Visteon by 14.8% in the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VC. TD Cowen lowered their target price on Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada cut their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Morgan Stanley reduced their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 14th. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research note on Tuesday, September 10th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Visteon has an average rating of “Moderate Buy” and an average target price of $127.57.

Visteon Price Performance

VC stock opened at $92.01 on Friday. Visteon Co. has a 1 year low of $86.27 and a 1 year high of $131.70. The stock has a market capitalization of $2.54 billion, a PE ratio of 5.00, a price-to-earnings-growth ratio of 0.42 and a beta of 1.45. The company’s 50-day moving average is $92.23 and its 200-day moving average is $101.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same quarter last year, the firm posted $2.35 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts expect that Visteon Co. will post 8.04 EPS for the current fiscal year.

Visteon 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.