Visteon Co. (NASDAQ:VC) Stock Holdings Boosted by Northern Trust Corp

Northern Trust Corp lifted its position in Visteon Co. (NASDAQ:VC) by 13.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 372,764 shares of the company’s stock after buying an additional 43,236 shares during the period. Northern Trust Corp owned approximately 1.35% of Visteon worth $33,072,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VC. LPL Financial LLC grew its holdings in shares of Visteon by 2.6% in the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock worth $547,000 after acquiring an additional 156 shares during the last quarter. Franklin Resources Inc. increased its stake in Visteon by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock worth $1,881,000 after purchasing an additional 171 shares in the last quarter. Xponance Inc. increased its stake in Visteon by 4.7% in the 4th quarter. Xponance Inc. now owns 3,898 shares of the company’s stock worth $346,000 after purchasing an additional 175 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in Visteon by 2.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company’s stock worth $756,000 after buying an additional 182 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock worth $402,000 after buying an additional 216 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Up 1.6 %

VC stock opened at $84.61 on Friday. The firm has a market cap of $2.31 billion, a PE ratio of 8.62, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94. The company has a fifty day simple moving average of $77.95 and a 200 day simple moving average of $84.77. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $906.38 million. During the same quarter in the prior year, the company posted $1.61 EPS. The firm’s revenue was up .1% on a year-over-year basis. Sell-side analysts anticipate that Visteon Co. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on VC shares. Robert W. Baird boosted their price target on shares of Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Morgan Stanley reduced their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on Visteon from $90.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Royal Bank of Canada decreased their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Finally, TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $98.58.

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.