Clearbridge Investments LLC Acquires 11,281 Shares of Visteon Co. (NASDAQ:VC)

Clearbridge Investments LLC boosted its stake in Visteon Co. (NASDAQ:VC) by 15.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,672 shares of the company’s stock after purchasing an additional 11,281 shares during the quarter. Clearbridge Investments LLC owned about 0.31% of Visteon worth $10,825,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Covestor Ltd lifted its holdings in Visteon by 105.7% during the third quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after acquiring an additional 111 shares in the last quarter. CWM LLC grew its position in shares of Visteon by 53.6% in the 4th quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares during the period. Quadrant Capital Group LLC increased its stake in Visteon by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after purchasing an additional 178 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in Visteon during the 4th quarter worth approximately $59,000. Finally, Headlands Technologies LLC lifted its stake in Visteon by 38.3% in the third quarter. Headlands Technologies LLC now owns 1,256 shares of the company’s stock valued at $173,000 after buying an additional 348 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Trading Up 1.0 %

NASDAQ VC traded up $1.05 during trading hours on Friday, reaching $109.85. The company’s stock had a trading volume of 166,170 shares, compared to its average volume of 232,220. The firm has a fifty day simple moving average of $112.97 and a 200-day simple moving average of $117.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37. Visteon Co. has a 52 week low of $105.19 and a 52 week high of $159.87. The stock has a market cap of $3.03 billion, a P/E ratio of 6.28, a P/E/G ratio of 0.50 and a beta of 1.66.

Visteon (NASDAQ:VC) last posted 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 net margin of 12.60% and a return on equity of 53.49%. The firm had revenue of $933.00 million during the quarter, compared to the consensus estimate of $971.45 million. During the same period in the prior year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts forecast that Visteon Co. will post 8.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VC. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Bank of America reduced their price objective on shares of Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Royal Bank of Canada dropped their target price on 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. decreased their price target on Visteon from $146.00 to $145.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Finally, Guggenheim dropped their price objective on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Visteon presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.75.

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.