First Trust Advisors LP Acquires 41,009 Shares of Visteon Co. (NASDAQ:VC)

First Trust Advisors LP boosted its holdings in shares of Visteon Co. (NASDAQ:VC) by 558.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,350 shares of the company’s stock after acquiring an additional 41,009 shares during the quarter. First Trust Advisors LP’s holdings in Visteon were worth $4,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of Visteon by 58.8% in the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after purchasing an additional 536,073 shares during the last quarter. Norges Bank bought a new position in Visteon in the 4th quarter worth about $29,468,000. Raymond James Financial Inc. bought a new position in Visteon in the 4th quarter worth about $10,170,000. JPMorgan Chase & Co. increased its position in shares of Visteon by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock worth $60,841,000 after acquiring an additional 88,288 shares during the period. Finally, Nordea Investment Management AB bought a new stake in shares of Visteon during the fourth quarter valued at approximately $7,730,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Trading Up 0.3 %

Shares of NASDAQ:VC opened at $79.39 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm has a market capitalization of $2.16 billion, a P/E ratio of 8.09, a P/E/G ratio of 0.42 and a beta of 1.32. The business’s 50-day moving average is $78.52 and its 200 day moving average is $85.13. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.40 EPS for the quarter, beating the consensus estimate of $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Visteon’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $1.61 EPS. On average, research analysts predict that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VC. The Goldman Sachs Group reiterated a “neutral” rating and issued a $74.00 target price (down from $103.00) on shares of Visteon in a report on Thursday, April 10th. TD Cowen began coverage on shares of Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective for the company. Robert W. Baird raised their target price on shares of Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. UBS Group reaffirmed a “neutral” rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Finally, Barclays reissued an “equal weight” rating and set a $82.00 price objective (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Visteon has a consensus rating of “Hold” and a consensus price target of $100.67.

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.