Invesco Ltd. Purchases 62,610 Shares of Visteon Co. (NASDAQ:VC)

Invesco Ltd. raised its position in shares of Visteon Co. (NASDAQ:VC) by 5.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,184,511 shares of the company’s stock after buying an additional 62,610 shares during the quarter. Invesco Ltd.’s holdings in Visteon were worth $105,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC lifted its position in shares of Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after buying an additional 263 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Visteon by 884.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after acquiring an additional 1,061 shares during the period. Nisa Investment Advisors LLC increased its holdings in Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after acquiring an additional 754 shares in the last quarter. Finally, KBC Group NV raised its stake in Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after acquiring an additional 450 shares during the period. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Cowen initiated coverage on shares of Visteon in a research report on Friday, March 7th. They issued a “buy” rating and a $108.00 price target for the company. UBS Group reiterated a “neutral” rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a research note on Thursday. Wells Fargo & Company boosted their price objective on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Morgan Stanley cut their target price 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. Finally, Royal Bank of Canada lowered their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Visteon presently has an average rating of “Hold” and an average price target of $108.75.

Visteon Trading Up 1.6 %

VC stock opened at $68.11 on Monday. The firm has a market cap of $1.84 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. The firm has a fifty day moving average price of $81.08 and a 200 day moving average price of $86.75. 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 Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94.

Visteon (NASDAQ:VC) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Sell-side analysts anticipate 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.