Bank of Montreal Can Buys 571 Shares of Visteon Co. (NASDAQ:VC)

Bank of Montreal Can boosted its holdings in shares of Visteon Co. (NASDAQ:VC) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,472 shares of the company’s stock after acquiring an additional 571 shares during the quarter. Bank of Montreal Can’s holdings in Visteon were worth $397,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its stake in Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after acquiring an additional 347 shares during the period. Signaturefd LLC increased its holdings in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after acquiring an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock worth $105,000 after buying an additional 1,061 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after purchasing an additional 754 shares in the last quarter. Finally, KBC Group NV lifted its stake in Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after purchasing an additional 450 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VC shares. Royal Bank of Canada dropped their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Guggenheim decreased their price objective on shares of Visteon from $108.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday. Wells Fargo & Company raised their price objective on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Barclays reissued an “equal weight” rating and issued a $82.00 price target (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Finally, UBS Group reissued a “neutral” rating and set a $76.00 price target (down previously from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $99.83.

Visteon Trading Up 2.7 %

Shares of NASDAQ:VC opened at $73.63 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. Visteon Co. has a 12-month low of $65.10 and a 12-month high of $117.94. The stock has a 50 day moving average of $79.70 and a 200 day moving average of $85.71. The company has a market cap of $1.99 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32.

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

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.