KBC Group NV Acquires 450 Shares of Visteon Co. (NASDAQ:VC)

KBC Group NV increased its stake in shares of Visteon Co. (NASDAQ:VC) by 49.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,352 shares of the company’s stock after buying an additional 450 shares during the period. KBC Group NV’s holdings in Visteon were worth $120,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Signaturefd LLC grew its position in Visteon by 46.7% during the third quarter. Signaturefd LLC now owns 421 shares of the company’s stock valued at $40,000 after acquiring an additional 134 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Visteon by 0.8% in the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock valued at $1,881,000 after acquiring an additional 171 shares during the period. Covestor Ltd raised its stake in shares of Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after acquiring an additional 202 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Visteon by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock worth $306,000 after purchasing an additional 215 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock worth $402,000 after purchasing an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

NASDAQ VC opened at $80.68 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.23 billion, a P/E ratio of 4.38, a PEG ratio of 0.37 and a beta of 1.44. Visteon Co. has a 52 week low of $75.75 and a 52 week high of $123.73. The company has a 50-day moving average price of $87.38 and a 200-day moving average price of $92.91.

Analyst Ratings Changes

VC has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price target on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Wells Fargo & Company dropped their price objective on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Barclays decreased their target price on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.23.

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.