Visteon Co. (NASDAQ:VC) Position Boosted by State Street Corp

State Street Corp increased its position in Visteon Co. (NASDAQ:VC) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 1,024,865 shares of the company’s stock after purchasing an additional 3,918 shares during the quarter. State Street Corp’s holdings in Visteon were worth $97,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Visteon by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock worth $26,131,000 after buying an additional 8,500 shares during the last quarter. Mirabella Financial Services LLP lifted its holdings in Visteon by 361.3% in the third quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company’s stock worth $1,628,000 after purchasing an additional 13,390 shares during the period. Royce & Associates LP increased its stake in Visteon by 28.2% during the 3rd quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock valued at $19,259,000 after buying an additional 44,460 shares during the period. Systematic Financial Management LP raised its position in shares of Visteon by 11.8% during the 3rd 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 in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock worth $55,860,000 after acquiring an additional 489,959 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VC shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 target price on shares of Visteon in a report on Tuesday, September 10th. JPMorgan Chase & Co. decreased their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Wells Fargo & Company dropped their price target on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a research report on Monday. 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 research note on Tuesday, October 15th. Finally, The Goldman Sachs Group cut their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.15.

Visteon Stock Performance

Shares of VC stock opened at $90.46 on Tuesday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 4.91, a P/E/G ratio of 0.44 and a beta of 1.44. Visteon Co. has a 1-year low of $86.27 and a 1-year high of $131.43. 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 stock’s fifty day simple moving average is $92.07 and its 200-day simple moving average is $98.72.

Visteon (NASDAQ:VC) last released its 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 for the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.35 EPS. On average, sell-side analysts predict that Visteon Co. will post 8.2 earnings per share for the current fiscal 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.