Jennison Associates LLC Purchases New Holdings in Visteon Co. (NASDAQ:VC)

Jennison Associates LLC bought a new position in Visteon Co. (NASDAQ:VC) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 5,493 shares of the company’s stock, valued at approximately $646,000.

Several other large investors have also bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of Visteon by 98.6% in the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after buying an additional 142 shares in the last quarter. CWM LLC lifted its holdings in shares of Visteon by 53.6% in the fourth quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after buying an additional 140 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Visteon in the first quarter worth $48,000. Quadrant Capital Group LLC raised its stake in Visteon by 76.7% during the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after purchasing an additional 178 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in Visteon during the fourth quarter valued at $59,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VC shares. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. UBS Group decreased their price objective on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday. The Goldman Sachs Group reduced their price target on shares of Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a report on Wednesday. Wells Fargo & Company reduced their price target on shares of Visteon from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Tuesday, June 25th. Finally, Guggenheim cut their price objective on shares of Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Visteon currently has an average rating of “Moderate Buy” and a consensus price target of $137.33.

Visteon Stock Up 1.5 %

NASDAQ:VC opened at $105.04 on Thursday. The company has a market cap of $2.90 billion, a PE ratio of 6.00, a P/E/G ratio of 0.49 and a beta of 1.46. Visteon Co. has a twelve month low of $101.42 and a twelve month high of $159.87. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $109.40 and its two-hundred day moving average is $113.71.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a net margin of 12.60% and a return on equity of 53.49%. The business had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. Analysts anticipate that Visteon Co. will post 8.53 EPS 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.