Captrust Financial Advisors Purchases 338 Shares of Visteon Co. (NASDAQ:VC)

Captrust Financial Advisors lifted its position in Visteon Co. (NASDAQ:VC) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,435 shares of the company’s stock after buying an additional 338 shares during the quarter. Captrust Financial Advisors’ holdings in Visteon were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VC. American Century Companies Inc. lifted its stake in shares of Visteon by 58.8% in 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 during the last quarter. Norges Bank acquired a new stake in shares of Visteon in the fourth quarter worth $29,468,000. Price T Rowe Associates Inc. MD grew its stake in shares of Visteon by 78.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company’s stock worth $29,850,000 after acquiring an additional 147,685 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Visteon by 17.4% in the fourth 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 during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Visteon in the fourth quarter worth $10,170,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. TD Cowen assumed coverage on shares of Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective on the stock. Barclays restated an “equal weight” rating and issued a $82.00 price objective (down previously from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Guggenheim lowered their price objective on shares of Visteon from $108.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lowered their price objective on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $98.58.

Visteon Stock Up 0.1%

Shares of NASDAQ VC opened at $86.85 on Friday. The stock has a market cap of $2.37 billion, a PE ratio of 8.85, a PEG ratio of 0.42 and a beta of 1.23. The business has a fifty day moving average of $78.05 and a two-hundred day moving average of $84.54. Visteon Co. has a 52-week low of $65.10 and a 52-week high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.70. The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $1.61 earnings per share. As a group, equities research analysts expect that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

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.