Deutsche Bank AG Raises Stock Position in Visteon Co. (NASDAQ:VC)

Deutsche Bank AG raised its holdings in shares of Visteon Co. (NASDAQ:VC) by 42.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,633 shares of the company’s stock after acquiring an additional 8,200 shares during the period. Deutsche Bank AG owned approximately 0.10% of Visteon worth $2,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Visteon by 58.8% during the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after buying an additional 536,073 shares in the last quarter. Norges Bank purchased a new stake in shares of Visteon during the fourth quarter worth approximately $29,468,000. Price T Rowe Associates Inc. MD increased its stake in shares of Visteon by 78.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company’s stock worth $29,850,000 after buying an additional 147,685 shares during the period. Dimensional Fund Advisors LP increased its stake in Visteon by 17.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company’s stock valued at $74,886,000 after purchasing an additional 124,897 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Visteon in the fourth quarter valued at approximately $10,170,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Price Performance

Shares of VC opened at $83.85 on Thursday. The company has a market cap of $2.29 billion, a P/E ratio of 8.55, a PEG ratio of 0.42 and a beta of 1.23. The stock has a fifty day moving average price of $78.22 and a 200 day moving average price of $84.46. 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 12 month low of $65.10 and a 12 month high of $117.94.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.70. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $906.38 million. During the same quarter in the prior year, the business posted $1.61 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Visteon from $90.00 to $97.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Morgan Stanley lowered their price target on Visteon from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday. Robert W. Baird lifted their price objective on Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. UBS Group reaffirmed a “neutral” rating and issued a $76.00 price objective (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, Barclays reissued an “equal weight” rating and set a $82.00 price target (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Visteon presently has a consensus rating of “Hold” and an average target price of $96.25.

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.