Quest Partners LLC Purchases 8,146 Shares of Visteon Co. (NASDAQ:VC)

Quest Partners LLC grew its position in shares of Visteon Co. (NASDAQ:VC) by 75.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,987 shares of the company’s stock after acquiring an additional 8,146 shares during the period. Quest Partners LLC’s holdings in Visteon were worth $1,808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC lifted its stake in Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after acquiring an additional 119 shares during the period. Mather Group LLC. purchased a new stake in shares of Visteon in the 2nd quarter worth about $59,000. KBC Group NV boosted its stake in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after purchasing an additional 247 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Visteon during the 2nd quarter valued at about $89,000. Finally, nVerses Capital LLC increased its position in shares of Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after buying an additional 200 shares during the period. 99.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on VC. JPMorgan Chase & Co. lowered their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Royal Bank of Canada reduced their price target on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Barclays lowered their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 target price on shares of Visteon in a research report on Tuesday, September 10th. Finally, Morgan Stanley lowered their price target on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 14th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.57.

Visteon Stock Down 1.8 %

VC stock opened at $90.02 on Tuesday. Visteon Co. has a 1-year low of $86.77 and a 1-year high of $131.70. The business has a fifty day moving average price of $92.36 and a 200-day moving average price of $101.63. The stock has a market capitalization of $2.49 billion, a P/E ratio of 4.89, a P/E/G ratio of 0.45 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The company had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. During the same quarter in the prior year, the firm earned $2.35 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts forecast that Visteon Co. will post 8.04 earnings per share 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.