Visteon Co. (NASDAQ:VC) Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC raised its position in Visteon Co. (NASDAQ:VC) by 9.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,704 shares of the company’s stock after purchasing an additional 229 shares during the period. Level Four Advisory Services LLC’s holdings in Visteon were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in Visteon by 1.6% during the first quarter. BlackRock Inc. now owns 3,080,234 shares of the company’s stock worth $336,145,000 after purchasing an additional 47,131 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Visteon by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,705,327 shares of the company’s stock valued at $286,927,000 after buying an additional 13,287 shares during the period. Wellington Management Group LLP boosted its stake in shares of Visteon by 51.5% in the first quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company’s stock valued at $267,776,000 after buying an additional 834,079 shares in the last quarter. State Street Corp grew its holdings in Visteon by 3.8% during the first quarter. State Street Corp now owns 1,051,933 shares of the company’s stock worth $114,797,000 after acquiring an additional 38,648 shares during the period. Finally, Morgan Stanley raised its position in Visteon by 40.1% in the fourth quarter. Morgan Stanley now owns 734,690 shares of the company’s stock worth $96,120,000 after acquiring an additional 210,114 shares in the last quarter. 99.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VC has been the subject of a number of recent research reports. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a research note on Thursday, June 8th. Wells Fargo & Company raised their price target on shares of Visteon from $130.00 to $138.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. StockNews.com began coverage on shares of Visteon in a research note on Wednesday, August 23rd. They set a “hold” rating on the stock. Citigroup lifted their target price on shares of Visteon from $159.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 18th. Finally, JPMorgan Chase & Co. increased their price target on Visteon from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $165.00.

Insider Activity at Visteon

In other news, CEO Sachin Lawande sold 10,000 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $153.72, for a total value of $1,537,200.00. Following the completion of the sale, the chief executive officer now owns 246,352 shares in the company, valued at $37,869,229.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.10% of the company’s stock.

Visteon Price Performance

VC stock opened at $138.15 on Monday. The stock has a 50-day moving average price of $145.24 and a two-hundred day moving average price of $143.96. The company has a market cap of $3.90 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 0.61 and a beta of 1.83. The company has a current ratio of 1.75, a quick ratio of 1.39 and a debt-to-equity ratio of 0.42. Visteon Co. has a 12-month low of $103.46 and a 12-month high of $171.66.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, August 3rd. The company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.40). The business had revenue of $983.00 million for the quarter, compared to analyst estimates of $984.51 million. Visteon had a return on equity of 20.35% and a net margin of 3.27%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS. As a group, research analysts predict that Visteon Co. will post 6.58 EPS for the current year.

About Visteon

Visteon Corporation, an automotive technology company, designs and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 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, 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 assistant with natural language understanding.