Centiva Capital LP Grows Stock Holdings in Visteon Co. (NASDAQ:VC)

Centiva Capital LP grew its position in shares of Visteon Co. (NASDAQ:VC) by 89.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,251 shares of the company’s stock after acquiring an additional 4,357 shares during the period. Centiva Capital LP’s holdings in Visteon were worth $881,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VC. Signaturefd LLC raised its holdings in Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares in the last quarter. nVerses Capital LLC lifted its holdings in Visteon by 22.2% in the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after buying an additional 200 shares during the period. Covestor Ltd boosted its position in Visteon by 14.8% during the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after acquiring an additional 202 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Visteon by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock valued at $306,000 after acquiring an additional 215 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after acquiring an additional 247 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley lowered their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. The Goldman Sachs Group dropped their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Wells Fargo & Company upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $115.00 to $122.00 in a research note on Friday, September 20th. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $124.00 target price on shares of Visteon in a research note on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.57.

Visteon Price Performance

NASDAQ VC opened at $94.06 on Friday. Visteon Co. has a one year low of $86.27 and a one year high of $131.70. The stock has a 50-day moving average of $92.20 and a 200 day moving average of $99.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 5.11, a PEG ratio of 0.45 and a beta of 1.44.

Visteon (NASDAQ:VC) last released its quarterly earnings data 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. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period in the previous year, the company earned $2.35 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts forecast that Visteon Co. will post 8.2 EPS for the current 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.