Kestra Investment Management LLC Acquires Shares of 4,851 Visteon Co. (NASDAQ:VC)

Kestra Investment Management LLC bought a new position in Visteon Co. (NASDAQ:VC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,851 shares of the company’s stock, valued at approximately $430,000.

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

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Barclays lowered their price target on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada reduced their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company boosted their target price on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.77.

Visteon Trading Up 2.0 %

Shares of VC opened at $89.16 on Thursday. Visteon Co. has a twelve month low of $75.75 and a twelve month high of $121.45. The stock has a market cap of $2.46 billion, a PE ratio of 4.84, a P/E/G ratio of 0.37 and a beta of 1.44. 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 business’s 50-day moving average price is $85.64 and its 200-day moving average price is $91.25.

Visteon (NASDAQ:VC) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. On average, equities analysts forecast that Visteon Co. will post 8.27 EPS for the current fiscal year.

Visteon Company 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.