Equitable Trust Co. Increases Stock Position in Visteon Co. (NASDAQ:VC)

Equitable Trust Co. boosted its stake in Visteon Co. (NASDAQ:VC) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,185 shares of the company’s stock after purchasing an additional 370 shares during the quarter. Equitable Trust Co.’s holdings in Visteon were worth $398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Visteon by 1.6% during the first quarter. BlackRock Inc. now owns 3,080,234 shares of the company’s stock worth $336,145,000 after acquiring an additional 47,131 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Visteon by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,705,327 shares of the company’s stock worth $286,927,000 after acquiring an additional 13,287 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Visteon by 51.5% during the first quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company’s stock worth $267,776,000 after acquiring an additional 834,079 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Visteon by 7.7% during the third quarter. Victory Capital Management Inc. now owns 1,095,298 shares of the company’s stock worth $151,228,000 after acquiring an additional 78,497 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Visteon by 3.8% in the first quarter. State Street Corp now owns 1,051,933 shares of the company’s stock worth $114,797,000 after purchasing an additional 38,648 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Price Performance

VC opened at $112.27 on Tuesday. The stock has a 50-day moving average price of $116.06 and a 200-day moving average price of $120.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42. The firm has a market cap of $3.09 billion, a PE ratio of 6.53, a P/E/G ratio of 0.49 and a beta of 1.65. Visteon Co. has a 1 year low of $108.65 and a 1 year high of $159.87.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $10.92. The firm had revenue of $990.00 million during the quarter, compared to analyst estimates of $1.05 billion. Visteon had a return on equity of 57.45% and a net margin of 12.29%. Visteon’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 EPS. Sell-side analysts predict that Visteon Co. will post 8.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wolfe Research restated a “peer perform” rating on shares of Visteon in a report on Thursday, January 4th. Royal Bank of Canada cut their price target on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. JPMorgan Chase & Co. cut their price target on shares of Visteon from $160.00 to $148.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Wells Fargo & Company lifted their price target on shares of Visteon from $101.00 to $106.00 and gave the company an “underweight” rating in a report on Wednesday, February 21st. Finally, Barclays cut their price target on shares of Visteon from $158.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $146.00.

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.