Russell Investments Group Ltd. Raises Position in Visteon Co. (NASDAQ:VC)

Russell Investments Group Ltd. lifted its position in Visteon Co. (NASDAQ:VC) by 25.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,794 shares of the company’s stock after acquiring an additional 3,861 shares during the period. Russell Investments Group Ltd. owned 0.07% of Visteon worth $1,667,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB purchased a new stake in Visteon in the fourth quarter worth about $7,730,000. Charles Schwab Investment Management Inc. boosted its position in shares of Visteon by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company’s stock worth $32,526,000 after purchasing an additional 25,319 shares in the last quarter. Sei Investments Co. increased its position in Visteon by 93.2% during the 4th quarter. Sei Investments Co. now owns 147,603 shares of the company’s stock valued at $13,095,000 after buying an additional 71,202 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Visteon by 2.7% during the fourth quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company’s stock valued at $58,231,000 after buying an additional 17,526 shares during the last quarter. Finally, Value Holdings Management CO. LLC boosted its holdings in Visteon by 90.9% in the fourth quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company’s stock worth $2,795,000 after acquiring an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Up 1.6 %

VC stock opened at $71.81 on Friday. The business’s 50-day moving average is $80.03 and its two-hundred day moving average is $85.97. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 0.42 and a beta of 1.32. Visteon Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC) last announced its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $2.47. The company had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. As a group, analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Robert W. Baird lowered their price target on Visteon from $100.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $74.00 target price (down from $103.00) on shares of Visteon in a report on Thursday, April 10th. Barclays reiterated an “equal weight” rating and set a $82.00 price target (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Royal Bank of Canada decreased their price objective on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Morgan Stanley cut their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Visteon presently has an average rating of “Hold” and a consensus price target of $100.64.

Visteon Company 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.