Russell Investments Group Ltd. Has $1.02 Million Position in Visteon Co. (NASDAQ:VC)

Russell Investments Group Ltd. grew its position in Visteon Co. (NASDAQ:VC – Get Rating) by 1,451.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,759 shares of the company’s stock after buying an additional 7,259 shares during the quarter. Russell Investments Group Ltd.’s holdings in Visteon were worth $1,016,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new position in Visteon during the 4th quarter worth approximately $31,000. Acadian Asset Management LLC acquired a new position in Visteon in the 1st quarter valued at approximately $38,000. Lazard Asset Management LLC acquired a new position in Visteon in the 3rd quarter valued at approximately $41,000. Allspring Global Investments Holdings LLC increased its position in Visteon by 41.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,395 shares of the company’s stock valued at $147,000 after acquiring an additional 411 shares during the period. Finally, Convergence Investment Partners LLC acquired a new position in Visteon in the 4th quarter valued at approximately $157,000.

Insider Activity

In other news, SVP Kristin Trecker sold 2,050 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $159.01, for a total value of $325,970.50. Following the transaction, the senior vice president now owns 6,084 shares in the company, valued at approximately $967,416.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Visteon Trading Down 0.0 %

NASDAQ:VC opened at $134.78 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.73 and a debt-to-equity ratio of 0.41. Visteon Co. has a 52 week low of $94.71 and a 52 week high of $171.66. The firm has a market capitalization of $3.82 billion, a P/E ratio of 28.37 and a beta of 1.79. The company has a fifty day moving average of $142.17 and a 200 day moving average of $149.20.

Visteon (NASDAQ:VC – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.11). The firm had revenue of $967.00 million for the quarter, compared to analysts’ expectations of $941.30 million. Visteon had a net margin of 3.48% and a return on equity of 21.99%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share. On average, research analysts predict that Visteon Co. will post 6.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VC shares. StockNews.com started coverage on shares of Visteon in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Barclays decreased their price target on shares of Visteon from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Monday, April 17th. Robert W. Baird upped their price objective on shares of Visteon from $163.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Morgan Stanley upped their price objective on shares of Visteon from $135.00 to $145.00 and gave the company an “equal weight” rating in a research note on Thursday, March 9th. Finally, Royal Bank of Canada upped their price objective on shares of Visteon from $169.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, March 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.58.

About Visteon

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Visteon Corp. is a global technology company, which engages in the design, engineering, and manufacture of electronics products, automotive vehicles, and supplies automotive parts. It operates through the Americas, Europe, China, and Other Asia Pacific geographical segments. The Americas segment includes the United States and Mexico.