Mariner LLC Purchases 533 Shares of Visteon Co. (NASDAQ:VC)

Mariner LLC grew its holdings in Visteon Co. (NASDAQ:VC) by 14.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,285 shares of the company’s stock after buying an additional 533 shares during the period. Mariner LLC’s holdings in Visteon were worth $380,000 at the end of the most recent quarter.

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

Visteon Trading Up 0.6 %

Shares of VC stock opened at $79.89 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.42 and a beta of 1.32. The company’s fifty day simple moving average is $78.33 and its two-hundred day simple moving average is $85.02.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.70. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Visteon’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 EPS. As a group, analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on VC shares. The Goldman Sachs Group reiterated 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. TD Cowen began coverage on Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 target price for the company. Royal Bank of Canada decreased their price target on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Barclays reissued an “equal weight” rating and set a $82.00 price objective (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Finally, Robert W. Baird increased their target price on shares of Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $100.67.

Visteon 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.