Visteon Corporation (NASDAQ:VC) Shares Bought by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN boosted its position in shares of Visteon Corporation (NASDAQ:VC) by 2.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 70,707 shares of the company’s stock after acquiring an additional 1,800 shares during the quarter. Visteon comprises about 1.3% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 28th largest position. Kirr Marbach & Co. LLC IN owned about 0.26% of Visteon worth $5,488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VC. Cardinal Capital Management raised its stake in shares of Visteon by 4.2% during the 1st quarter. Cardinal Capital Management now owns 19,859 shares of the company’s stock valued at $1,541,000 after buying an additional 799 shares during the last quarter. CX Institutional purchased a new position in shares of Visteon during the 1st quarter valued at about $63,000. Assenagon Asset Management S.A. raised its stake in shares of Visteon by 82.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 140,267 shares of the company’s stock valued at $10,888,000 after buying an additional 63,264 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Visteon during the 1st quarter valued at about $472,000. Finally, Washington Capital Management Inc. raised its stake in shares of Visteon by 19.0% during the 1st quarter. Washington Capital Management Inc. now owns 7,500 shares of the company’s stock valued at $582,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Price Performance

NASDAQ:VC opened at $90.45 on Tuesday. Visteon Corporation has a one year low of $65.10 and a one year high of $117.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.83. The stock has a market cap of $2.47 billion, a PE ratio of 8.48 and a beta of 1.19. The stock has a 50 day moving average price of $83.22 and a 200 day moving average price of $83.47.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, beating the consensus estimate of $1.70 by $0.70. Visteon had a return on equity of 24.95% and a net margin of 7.68%. The firm had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $906.38 million. During the same quarter last year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts expect that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

VC has been the subject of several recent analyst reports. Guggenheim cut their price target on Visteon from $108.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley cut 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. JPMorgan Chase & Co. lifted 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. Barclays restated an “equal weight” rating and issued a $82.00 price target (down previously from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Finally, UBS Group reiterated a “neutral” rating and issued a $76.00 price objective (down from $114.00) on shares of Visteon in a report on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average 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.