UMB Bank n.a. Buys 324 Shares of Visteon Co. (NASDAQ:VC)

UMB Bank n.a. lifted its holdings in shares of Visteon Co. (NASDAQ:VC) by 286.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 437 shares of the company’s stock after purchasing an additional 324 shares during the quarter. UMB Bank n.a.’s holdings in Visteon were worth $34,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. lifted its position in Visteon by 58.8% in the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock valued at $128,468,000 after purchasing an additional 536,073 shares during the last quarter. Norges Bank bought a new position in Visteon in the fourth quarter valued at about $29,468,000. Price T Rowe Associates Inc. MD lifted its holdings in Visteon by 78.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company’s stock valued at $29,850,000 after acquiring an additional 147,685 shares during the period. Dimensional Fund Advisors LP increased its holdings in Visteon by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company’s stock worth $74,886,000 after acquiring an additional 124,897 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Visteon during the 4th quarter valued at approximately $10,170,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Robert W. Baird raised their price target on Visteon from $76.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Guggenheim decreased their target price on Visteon from $108.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. TD Cowen began coverage on Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 price target for the company. UBS Group restated a “neutral” rating and issued a $76.00 price objective (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Finally, Wells Fargo & Company boosted their price target on Visteon from $96.00 to $101.00 and gave the stock an “overweight” rating in a research report on Monday, May 19th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $96.25.

Visteon Price Performance

VC stock opened at $89.86 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm has a market capitalization of $2.45 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.42 and a beta of 1.19. The business’s 50-day moving average is $80.71 and its two-hundred day moving average is $83.62. Visteon Co. has a 1 year low of $65.10 and a 1 year 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 analysts’ consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. Analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

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.