Charles Schwab Investment Management Inc. Purchases 15,951 Shares of Visteon Co. (NASDAQ:VC)

Charles Schwab Investment Management Inc. grew its position in Visteon Co. (NASDAQ:VC) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 341,290 shares of the company’s stock after purchasing an additional 15,951 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Visteon were worth $32,504,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after purchasing an additional 119 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Visteon in the 2nd quarter valued at $59,000. KBC Group NV boosted its stake in Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after acquiring an additional 247 shares in the last quarter. Acadian Asset Management LLC bought a new position in Visteon during the second quarter worth $89,000. Finally, nVerses Capital LLC boosted its stake in 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 acquiring an additional 200 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Price Performance

VC opened at $95.11 on Wednesday. The firm has a market cap of $2.63 billion, a P/E ratio of 5.16, a PEG ratio of 0.45 and a beta of 1.44. The firm has a 50-day moving average of $92.17 and a 200 day moving average of $99.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. Visteon Co. has a fifty-two week low of $86.27 and a fifty-two week high of $131.70.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.37. The company had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.35 earnings per share. On average, research analysts expect that Visteon Co. will post 8.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 target price on shares of Visteon in a research note on Tuesday, September 10th. JPMorgan Chase & Co. lowered their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Royal Bank of Canada lowered their price objective on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Barclays lowered their price objective on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Visteon currently has a consensus rating of “Moderate Buy” and an average price target of $127.57.

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.