Federated Hermes Inc. Has $5.24 Million Holdings in Visteon Co. (NASDAQ:VC)

Federated Hermes Inc. raised its holdings in Visteon Co. (NASDAQ:VC) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,921 shares of the company’s stock after purchasing an additional 3,310 shares during the quarter. Federated Hermes Inc.’s holdings in Visteon were worth $5,236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of Visteon by 3.0% in the third quarter. Fifth Third Bancorp now owns 2,988 shares of the company’s stock valued at $413,000 after buying an additional 86 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Visteon by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock worth $706,000 after purchasing an additional 94 shares in the last quarter. Covestor Ltd raised its holdings in Visteon by 105.7% during the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after buying an additional 111 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Visteon by 1.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 8,574 shares of the company’s stock valued at $1,190,000 after buying an additional 140 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Visteon by 1.9% in the third quarter. Arizona State Retirement System now owns 8,072 shares of the company’s stock valued at $1,115,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Price Performance

NASDAQ:VC opened at $109.66 on Friday. Visteon Co. has a 12-month low of $105.19 and a 12-month high of $159.87. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.50 and a beta of 1.65. The stock’s 50 day moving average price is $113.72 and its two-hundred day moving average price is $118.59. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28.

Visteon (NASDAQ:VC) last posted its earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $10.92. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business had revenue of $990.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the firm earned $1.32 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, analysts anticipate that Visteon Co. will post 8.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VC shares. UBS Group raised shares of Visteon from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $143.00 to $145.00 in a research report on Wednesday, January 17th. Bank of America reduced their price objective on Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Wells Fargo & Company lifted their target price on Visteon from $101.00 to $106.00 and gave the company an “underweight” rating in a research report on Wednesday, February 21st. StockNews.com raised Visteon from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Visteon in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.70.

About Visteon

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.