Visteon Co. (NASDAQ:VC) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC grew its stake in shares of Visteon Co. (NASDAQ:VC) by 35.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,490 shares of the company’s stock after acquiring an additional 30,818 shares during the period. Clearbridge Investments LLC owned about 0.43% of Visteon worth $13,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VC. Assenagon Asset Management S.A. lifted its position in shares of Visteon by 404.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 405,280 shares of the company’s stock valued at $47,665,000 after acquiring an additional 324,946 shares during the period. Norges Bank purchased a new stake in Visteon in the 4th quarter worth approximately $40,092,000. Cubist Systematic Strategies LLC grew its stake in Visteon by 416.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock worth $18,619,000 after acquiring an additional 120,210 shares during the period. FIFTHDELTA Ltd grew its stake in Visteon by 13.6% in the 1st quarter. FIFTHDELTA Ltd now owns 546,617 shares of the company’s stock worth $64,288,000 after acquiring an additional 65,500 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Visteon by 5.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,155,805 shares of the company’s stock worth $144,360,000 after acquiring an additional 60,507 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Down 0.9 %

Visteon stock traded down $1.00 during trading on Wednesday, reaching $106.37. 316,944 shares of the company’s stock were exchanged, compared to its average volume of 268,026. The company’s 50-day moving average is $108.53 and its two-hundred day moving average is $112.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.37 and a current ratio of 1.74. Visteon Co. has a 52-week low of $101.42 and a 52-week high of $159.06. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 0.49 and a beta of 1.46.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). Visteon had a return on equity of 53.49% and a net margin of 12.60%. The firm had revenue of $933.00 million during the quarter, compared to analyst estimates of $971.45 million. During the same quarter in the prior year, the firm earned $1.25 EPS. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, analysts predict that Visteon Co. will post 8.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on VC shares. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. Guggenheim lowered their price objective on shares of Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Citigroup lowered their price objective on shares of Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, July 12th. UBS Group lowered their price objective on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Visteon from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.17.

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.