US Bancorp DE Acquires 2,269 Shares of Visteon Co. (NASDAQ:VC)

US Bancorp DE increased its position in Visteon Co. (NASDAQ:VC) by 40.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,872 shares of the company’s stock after acquiring an additional 2,269 shares during the quarter. US Bancorp DE’s holdings in Visteon were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB bought a new position in Visteon in the fourth quarter valued at about $7,730,000. Principal Financial Group Inc. increased its stake in Visteon by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock worth $26,131,000 after acquiring an additional 8,500 shares during the last quarter. Mirabella Financial Services LLP raised its stake in Visteon by 361.3% during the third quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company’s stock valued at $1,628,000 after purchasing an additional 13,390 shares in the last quarter. Systematic Financial Management LP increased its stake in Visteon by 11.8% during the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock worth $24,728,000 after acquiring an additional 27,403 shares during the last quarter. Finally, Royce & Associates LP lifted its position in Visteon by 28.2% in the third quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock worth $19,259,000 after buying an additional 44,460 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Trading Down 0.6 %

Shares of VC opened at $87.12 on Tuesday. Visteon Co. has a 12-month low of $75.75 and a 12-month high of $119.28. The firm has a market capitalization of $2.36 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.42 and a beta of 1.39. The firm has a 50-day moving average price of $85.27 and a 200 day moving average price of $90.19. 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 (NASDAQ:VC) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating the consensus estimate of $1.97 by $2.47. The business had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Sell-side analysts forecast that Visteon Co. will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

VC has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Barclays reduced their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Morgan Stanley dropped their target price on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. TD Cowen began coverage on shares of Visteon in a research report on Friday. They set a “buy” rating and a $108.00 price target for the company. Finally, Royal Bank of Canada cut their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and an average target price of $117.25.

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.