Cwm LLC Raises Stock Holdings in Visteon Co. (NASDAQ:VC)

Cwm LLC lifted its holdings in Visteon Co. (NASDAQ:VC) by 53.6% in the fourth quarter, Holdings Channel reports. The fund owned 401 shares of the company’s stock after purchasing an additional 140 shares during the quarter. Cwm LLC’s holdings in Visteon were worth $50,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Tectonic Advisors LLC bought a new stake in Visteon in the fourth quarter worth about $3,187,000. Westfield Capital Management Co. LP lifted its stake in shares of Visteon by 11.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 664,137 shares of the company’s stock worth $91,697,000 after acquiring an additional 65,593 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Visteon by 1,842.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,444 shares of the company’s stock valued at $3,789,000 after acquiring an additional 26,031 shares during the period. Comerica Bank bought a new position in Visteon in the 3rd quarter valued at $12,222,000. Finally, AQR Capital Management LLC increased its stake in Visteon by 40.4% in the third quarter. AQR Capital Management LLC now owns 66,670 shares of the company’s stock worth $9,205,000 after purchasing an additional 19,196 shares during the period. 99.71% of the stock is owned by institutional investors.

Visteon Price Performance

VC opened at $115.47 on Friday. The firm has a market capitalization of $3.19 billion, a PE ratio of 6.60, a price-to-earnings-growth ratio of 0.53 and a beta of 1.66. The business’s 50-day moving average is $113.31 and its two-hundred day moving average is $117.44. Visteon Co. has a 1 year low of $105.19 and a 1 year high of $159.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a return on equity of 53.49% and a net margin of 12.60%. The firm had revenue of $933.00 million for the quarter, compared to the consensus estimate of $971.45 million. During the same quarter last year, the firm earned $1.25 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. Research analysts anticipate that Visteon Co. will post 8.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VC. Wells Fargo & Company raised shares of Visteon from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $106.00 to $108.00 in a research note on Friday, April 26th. UBS Group raised shares of Visteon from a “neutral” rating to a “buy” rating and raised their target price for the stock from $143.00 to $145.00 in a research report on Wednesday, January 17th. Royal Bank of Canada dropped their price objective on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Guggenheim decreased their target price on Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, Robert W. Baird dropped their price target on Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Visteon has a consensus rating of “Moderate Buy” and a consensus target price of $142.36.

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.