Visteon Co. (NASDAQ:VC) Shares Bought by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. grew its holdings in Visteon Co. (NASDAQ:VC) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,519 shares of the company’s stock after acquiring an additional 182 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Visteon were worth $756,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of VC. Covestor Ltd increased its position in shares of Visteon by 47.0% in the 4th quarter. Covestor Ltd now owns 2,304 shares of the company’s stock valued at $205,000 after acquiring an additional 737 shares during the period. LSV Asset Management acquired a new position in shares of Visteon in the fourth quarter valued at about $629,000. Renaissance Technologies LLC raised its stake in shares of Visteon by 146.3% in the fourth quarter. Renaissance Technologies LLC now owns 128,300 shares of the company’s stock worth $11,383,000 after purchasing an additional 76,200 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Visteon by 5.6% during the fourth quarter. Invesco Ltd. now owns 1,184,511 shares of the company’s stock worth $105,090,000 after purchasing an additional 62,610 shares during the period. Finally, Bank of Montreal Can boosted its position in Visteon by 14.6% in the fourth quarter. Bank of Montreal Can now owns 4,472 shares of the company’s stock valued at $397,000 after buying an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Trading Up 1.6 %

Shares of NASDAQ:VC opened at $71.81 on Friday. The business’s 50 day moving average price is $80.22 and its 200-day moving average price is $86.18. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. 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 quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. On average, equities research analysts forecast that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VC. Wells Fargo & Company raised their price target on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. UBS Group restated a “neutral” rating and set a $76.00 target price (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Robert W. Baird cut their price target on Visteon from $100.00 to $76.00 and set a “neutral” rating on the stock in a research report on Tuesday. Royal Bank of Canada decreased their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Barclays reaffirmed an “equal weight” rating and set a $82.00 target price (down from $110.00) on shares of Visteon in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.64.

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.