Headlands Technologies LLC Buys 312 Shares of Visteon Co. (NASDAQ:VC)

Headlands Technologies LLC raised its stake in Visteon Co. (NASDAQ:VC) by 21.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,771 shares of the company’s stock after purchasing an additional 312 shares during the quarter. Headlands Technologies LLC’s holdings in Visteon were worth $157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in VC. American Century Companies Inc. lifted its position in Visteon by 58.8% in the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after buying an additional 536,073 shares during the last quarter. Norges Bank bought a new stake in shares of Visteon in the 4th quarter worth approximately $29,468,000. Raymond James Financial Inc. bought a new stake in shares of Visteon in the 4th quarter worth approximately $10,170,000. JPMorgan Chase & Co. boosted its stake in shares of Visteon by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock valued at $60,841,000 after purchasing an additional 88,288 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Visteon during the 4th quarter valued at $7,730,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of NASDAQ VC opened at $72.34 on Friday. Visteon Co. has a 1 year low of $68.61 and a 1 year high of $117.94. The stock has a market capitalization of $1.96 billion, a P/E ratio of 7.37, a P/E/G ratio of 0.42 and a beta of 1.32. The company’s 50-day moving average is $83.16 and its 200 day moving average is $87.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 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 24.58% and a net margin of 7.09%. On average, sell-side analysts expect that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on VC. Wells Fargo & Company upped their price target on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Morgan Stanley reduced their price target on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Royal Bank of Canada lowered their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. TD Cowen initiated coverage on shares of Visteon in a report on Friday, March 7th. They set a “buy” rating and a $108.00 price target for the company. Finally, Barclays cut their price target on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.25.

Visteon 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.