Petrus Trust Company LTA Grows Stock Position in Visteon Co. (NASDAQ:VC)

Petrus Trust Company LTA grew its position in Visteon Co. (NASDAQ:VC) by 44.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,844 shares of the company’s stock after acquiring an additional 2,101 shares during the quarter. Petrus Trust Company LTA’s holdings in Visteon were worth $652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after acquiring an additional 119 shares in the last quarter. nVerses Capital LLC lifted its position in Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after buying an additional 200 shares in the last quarter. Covestor Ltd lifted its position in Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after buying an additional 202 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Visteon by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock worth $306,000 after buying an additional 215 shares in the last quarter. Finally, KBC Group NV lifted its position in Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after buying an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VC. Barclays reduced their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $122.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. cut their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Royal Bank of Canada cut their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, The Goldman Sachs Group cut their target price on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.57.

Visteon Trading Up 0.7 %

VC opened at $95.76 on Thursday. Visteon Co. has a 12 month low of $86.27 and a 12 month high of $131.70. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 5.20, a PEG ratio of 0.45 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The business has a fifty day moving average price of $92.20 and a 200 day moving average price of $99.78.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period in the previous year, the firm posted $2.35 EPS. Visteon’s revenue for the quarter was down 3.4% on a year-over-year basis. Sell-side analysts expect that Visteon Co. will post 8.2 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.