Principal Financial Group Inc. boosted its stake in shares of Visteon Co. (NASDAQ:VC) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,277 shares of the company’s stock after acquiring an additional 4,563 shares during the quarter. Principal Financial Group Inc.’s holdings in Visteon were worth $27,900,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in Visteon by 230.0% during the 4th quarter. JPMorgan Chase & Co. now owns 137,608 shares of the company’s stock worth $17,273,000 after acquiring an additional 95,909 shares during the period. Truist Financial Corp lifted its holdings in shares of Visteon by 50.5% in the 4th quarter. Truist Financial Corp now owns 5,943 shares of the company’s stock valued at $745,000 after buying an additional 1,994 shares during the period. Voloridge Investment Management LLC lifted its holdings in shares of Visteon by 578.2% in the 4th quarter. Voloridge Investment Management LLC now owns 67,543 shares of the company’s stock valued at $8,478,000 after buying an additional 57,584 shares during the period. Jane Street Group LLC acquired a new stake in shares of Visteon in the 4th quarter valued at approximately $221,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Visteon by 102,900.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 10,300 shares of the company’s stock valued at $1,293,000 after buying an additional 10,290 shares during the period.
Visteon stock opened at $123.40 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.61. The stock has a fifty day moving average of $126.01 and a two-hundred day moving average of $126.41. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of -86.90 and a beta of 2.07. Visteon Co. has a fifty-two week low of $46.17 and a fifty-two week high of $147.55.
Visteon (NASDAQ:VC) last released its quarterly earnings results on Wednesday, February 17th. The company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.12). The company had revenue of $787.00 million for the quarter, compared to analysts’ expectations of $797.02 million. Visteon had a positive return on equity of 6.97% and a negative net margin of 1.56%. On average, analysts forecast that Visteon Co. will post 1.06 EPS for the current fiscal year.
VC has been the subject of several recent analyst reports. Zacks Investment Research cut Visteon from a “hold” rating to a “sell” rating in a report on Saturday, February 20th. Deutsche Bank Aktiengesellschaft reduced their price target on Visteon from $166.00 to $158.00 and set a “buy” rating for the company in a report on Friday, February 19th. Barclays reduced their price target on Visteon from $150.00 to $143.00 and set an “overweight” rating for the company in a report on Thursday, February 25th. Wells Fargo & Company assumed coverage on Visteon in a report on Wednesday, March 31st. They set an “underweight” rating and a $106.00 price objective for the company. Finally, Robert W. Baird reduced their price objective on Visteon from $156.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, February 19th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.40.
Visteon Corporation engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, dual view, cameras, optics, haptic feedback, light effects, and dual displays; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence based voice assistant.
Recommended Story: How Do Tariffs Affect Trade Balances?
Want to see what other hedge funds are holding VC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visteon Co. (NASDAQ:VC).
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.