Visteon Co. (NASDAQ:VC) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Visteon Co. (NASDAQ:VC) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 668,682 shares of the company’s stock after purchasing an additional 7,743 shares during the period. Geode Capital Management LLC owned about 2.42% of Visteon worth $63,698,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC increased its holdings in shares of Visteon by 60.0% in the 3rd quarter. Barclays PLC now owns 63,716 shares of the company’s stock valued at $6,068,000 after acquiring an additional 23,893 shares during the period. Y Intercept Hong Kong Ltd grew its position in Visteon by 422.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 12,362 shares of the company’s stock worth $1,177,000 after purchasing an additional 9,995 shares during the last quarter. XTX Topco Ltd acquired a new position in Visteon in the third quarter valued at $230,000. State Street Corp raised its holdings in shares of Visteon by 0.4% in the third quarter. State Street Corp now owns 1,024,865 shares of the company’s stock valued at $97,608,000 after buying an additional 3,918 shares during the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of Visteon by 11.8% during the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock worth $24,728,000 after buying an additional 27,403 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VC has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Royal Bank of Canada decreased their price target on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Barclays dropped their price objective on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company reduced their target price on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.15.

Visteon Price Performance

VC stock opened at $85.71 on Friday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 4.65, a PEG ratio of 0.44 and a beta of 1.44. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $91.68 and a 200-day moving average of $98.22. Visteon Co. has a 12-month low of $84.01 and a 12-month high of $130.10.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping 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 company had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. During the same period in the previous year, the business earned $2.35 earnings per share. Visteon’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, equities analysts expect that Visteon Co. will post 8.2 EPS for the current fiscal year.

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.