Kestra Investment Management LLC Buys Shares of 4,851 Visteon Co. (NASDAQ:VC)

Kestra Investment Management LLC purchased a new position in Visteon Co. (NASDAQ:VC) during the fourth quarter, Holdings Channel reports. The fund purchased 4,851 shares of the company’s stock, valued at approximately $430,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in VC. State of New Jersey Common Pension Fund D increased its position in shares of Visteon by 22.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,098 shares of the company’s stock valued at $2,138,000 after purchasing an additional 4,494 shares during the last quarter. Rhumbline Advisers grew its position in Visteon by 2.7% during the fourth quarter. Rhumbline Advisers now owns 88,307 shares of the company’s stock valued at $7,835,000 after acquiring an additional 2,303 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Visteon during the fourth quarter worth approximately $214,000. Washington Capital Management Inc. lifted its holdings in shares of Visteon by 18.9% in the 4th quarter. Washington Capital Management Inc. now owns 6,300 shares of the company’s stock worth $559,000 after acquiring an additional 1,000 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of NASDAQ VC opened at $89.16 on Thursday. Visteon Co. has a 1 year low of $75.75 and a 1 year high of $121.45. The stock has a market capitalization of $2.46 billion, a P/E ratio of 4.84, a P/E/G ratio of 0.37 and a beta of 1.44. The company’s 50-day moving average is $85.64 and its 200 day moving average is $91.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

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. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. On average, sell-side analysts expect that Visteon Co. will post 8.27 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on VC. Barclays lowered their price target on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Royal Bank of Canada dropped their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday. 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. Finally, StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Visteon currently has an average rating of “Moderate Buy” and a consensus price target of $123.77.

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.