Headlands Technologies LLC Acquires 312 Shares of Visteon Co. (NASDAQ:VC)

Headlands Technologies LLC raised its stake in Visteon Co. (NASDAQ:VC) by 21.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,771 shares of the company’s stock after purchasing an additional 312 shares during the quarter. Headlands Technologies LLC’s holdings in Visteon were worth $157,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Visteon by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company’s stock valued at $258,106,000 after purchasing an additional 16,442 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Visteon by 58.8% during the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after buying an additional 536,073 shares in the last quarter. State Street Corp boosted its stake in shares of Visteon by 0.4% in the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after buying an additional 3,918 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Visteon by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 670,363 shares of the company’s stock valued at $59,487,000 after acquiring an additional 1,681 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Visteon by 2.7% during the fourth quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company’s stock valued at $58,231,000 after acquiring an additional 17,526 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VC has been the subject of several research analyst reports. Morgan Stanley decreased their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Barclays lowered their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company increased their target price on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Royal Bank of Canada lowered their price target on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Finally, TD Cowen assumed coverage on Visteon in a report on Friday, March 7th. They set a “buy” rating and a $108.00 price objective for the company. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.25.

Visteon Trading Down 3.3 %

Shares of VC opened at $72.34 on Friday. The business’s 50-day moving average price is $83.16 and its 200-day moving average price is $87.99. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Visteon Co. has a twelve month low of $68.61 and a twelve month high of $117.94. The stock has a market cap of $1.96 billion, a PE ratio of 7.37, a P/E/G ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $2.47. The business had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. On average, equities analysts forecast that Visteon Co. will post 8.42 EPS for the current fiscal year.

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.