Swiss National Bank Acquires 500 Shares of Visteon Co. (NASDAQ:VC)

Swiss National Bank lifted its holdings in Visteon Co. (NASDAQ:VC) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 54,300 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Swiss National Bank’s holdings in Visteon were worth $4,817,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its position in Visteon by 0.4% in the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after purchasing an additional 3,918 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Visteon by 6.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock valued at $82,255,000 after buying an additional 55,465 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Visteon by 1.2% in the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock worth $63,698,000 after buying an additional 7,743 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Visteon by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company’s stock valued at $56,857,000 after acquiring an additional 12,900 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Visteon by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock valued at $60,841,000 after acquiring an additional 88,288 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VC has been the subject of several recent research reports. Morgan Stanley lowered their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada dropped their price target on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Barclays decreased their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. TD Cowen started coverage on shares of Visteon in a report on Friday, March 7th. They set a “buy” rating and a $108.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $117.25.

Visteon Price Performance

Shares of VC stock opened at $81.45 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.42 and a beta of 1.39. The business’s fifty day moving average is $84.34 and its 200 day moving average is $88.85. Visteon Co. has a twelve month low of $75.75 and a twelve month high of $119.16.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. Research analysts expect that Visteon Co. will post 8.42 EPS for the current fiscal year.

Visteon Company 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.