Washington Capital Management Inc. Has $582,000 Holdings in Visteon Co. (NASDAQ:VC)

Washington Capital Management Inc. raised its holdings in shares of Visteon Co. (NASDAQ:VC) by 19.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,500 shares of the company’s stock after acquiring an additional 1,200 shares during the quarter. Washington Capital Management Inc.’s holdings in Visteon were worth $582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in Visteon by 286.7% during the 1st quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $34,000 after acquiring an additional 324 shares in the last quarter. Parallel Advisors LLC grew its stake in Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after acquiring an additional 408 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Visteon by 225.3% during the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after acquiring an additional 347 shares in the last quarter. Signaturefd LLC grew its stake in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after acquiring an additional 263 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in Visteon by 884.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after acquiring an additional 1,061 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Up 1.0%

Shares of VC stock opened at $83.52 on Friday. Visteon Co. has a 12 month low of $65.10 and a 12 month high of $117.94. The firm has a market cap of $2.28 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.42 and a beta of 1.19. The stock has a 50 day moving average of $79.02 and a 200-day moving average of $83.77. 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 (NASDAQ:VC) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.70. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. During the same period in the previous year, the company earned $1.61 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities analysts predict that Visteon Co. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

VC has been the subject of several recent research reports. Robert W. Baird boosted their price target on Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. TD Cowen initiated coverage on Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 price target for the company. Morgan Stanley lowered their price target on Visteon from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Royal Bank of Canada lowered their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their price target on Visteon from $90.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $96.25.

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.