Algert Global LLC Acquires 17,286 Shares of Visteon Co. (NASDAQ:VC)

Algert Global LLC increased its holdings in Visteon Co. (NASDAQ:VC) by 36.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,198 shares of the company’s stock after purchasing an additional 17,286 shares during the period. Algert Global LLC owned approximately 0.24% of Visteon worth $5,784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Visteon by 87.7% during the fourth quarter. AQR Capital Management LLC now owns 128,434 shares of the company’s stock valued at $11,395,000 after acquiring an additional 60,007 shares during the period. Northern Trust Corp lifted its holdings in Visteon by 13.1% during the 4th quarter. Northern Trust Corp now owns 372,764 shares of the company’s stock valued at $33,072,000 after purchasing an additional 43,236 shares during the last quarter. Voya Investment Management LLC boosted its position in Visteon by 28.3% in the fourth quarter. Voya Investment Management LLC now owns 17,074 shares of the company’s stock valued at $1,515,000 after buying an additional 3,761 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Visteon by 5.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 389,532 shares of the company’s stock worth $34,560,000 after buying an additional 19,990 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in shares of Visteon by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 17,622 shares of the company’s stock worth $1,563,000 after buying an additional 5,273 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

VC stock opened at $80.54 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. Visteon Co. has a twelve month low of $65.10 and a twelve month high of $117.94. The business’s fifty day moving average is $78.18 and its 200-day moving average is $84.91. The company has a market cap of $2.20 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million for 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 company’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 earnings per share. Equities research analysts forecast that Visteon Co. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank of Canada decreased their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. raised their target price on Visteon from $90.00 to $97.00 and gave the company a “neutral” rating in a research note on Monday. Wells Fargo & Company lifted 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. The Goldman Sachs Group restated a “neutral” rating and issued a $74.00 price objective (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Finally, Barclays reiterated an “equal weight” rating and set a $82.00 target price (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. 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.com, the company has a consensus rating of “Hold” and a consensus price target of $98.58.

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.