Visteon Co. (NASDAQ:VC) Stake Lifted by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Visteon Co. (NASDAQ:VC – Get Rating) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,900 shares of the company’s stock after purchasing an additional 1,200 shares during the period. Swiss National Bank owned approximately 0.24% of Visteon worth $8,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. CWM LLC increased its stake in Visteon by 65.3% in the 3rd quarter. CWM LLC now owns 238 shares of the company’s stock valued at $25,000 after buying an additional 94 shares during the period. Toth Financial Advisory Corp acquired a new position in Visteon in the 4th quarter valued at $31,000. Acadian Asset Management LLC acquired a new position in Visteon in the 1st quarter valued at $38,000. Lazard Asset Management LLC acquired a new position in Visteon in the 3rd quarter valued at $41,000. Finally, Ellevest Inc. grew its stake in Visteon by 98.9% in the 3rd quarter. Ellevest Inc. now owns 1,100 shares of the company’s stock valued at $117,000 after buying an additional 547 shares during the last quarter.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Kristin Trecker sold 2,050 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $159.01, for a total value of $325,970.50. Following the transaction, the senior vice president now directly owns 6,084 shares in the company, valued at $967,416.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Visteon from $169.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, March 8th. Robert W. Baird increased their price target on shares of Visteon from $163.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, February 17th. Barclays reduced their price target on shares of Visteon from $135.00 to $130.00 and set an “underweight” rating for the company in a report on Monday, April 17th. Cowen increased their price target on shares of Visteon from $164.00 to $195.00 in a report on Friday, February 17th. Finally, StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Visteon presently has an average rating of “Hold” and an average price target of $157.42.

Visteon Price Performance

NASDAQ:VC opened at $132.27 on Wednesday. The company has a 50-day moving average of $144.03 and a 200-day moving average of $148.67. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 27.85 and a beta of 1.79. Visteon Co. has a 52 week low of $94.71 and a 52 week high of $171.66. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.35 and a current ratio of 1.73.

Visteon (NASDAQ:VC – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.15). The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $954.96 million. Visteon had a return on equity of 21.99% and a net margin of 3.48%. As a group, equities research analysts anticipate that Visteon Co. will post 6.76 earnings per share for the current fiscal year.

Visteon Company Profile

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Visteon Corp. is a global technology company, which engages in the design, engineering, and manufacture of electronics products, automotive vehicles, and supplies automotive parts. It operates through the Americas, Europe, China, and Other Asia Pacific geographical segments. The Americas segment includes the United States and Mexico.