Centaurus Financial Inc. Raises Position in Visteon Co. (NASDAQ:VC)

Centaurus Financial Inc. lifted its stake in shares of Visteon Co. (NASDAQ:VC) by 4.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,625 shares of the company’s stock after buying an additional 411 shares during the period. Centaurus Financial Inc.’s holdings in Visteon were worth $917,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Visteon by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock valued at $26,131,000 after buying an additional 8,500 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Visteon during the first quarter worth $583,000. Royce & Associates LP boosted its position in Visteon by 28.2% in the third quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock worth $19,259,000 after purchasing an additional 44,460 shares during the last quarter. American Century Companies Inc. grew its stake in Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after purchasing an additional 489,959 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Visteon during the 2nd quarter valued at $1,157,000. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VC shares. StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Royal Bank of Canada reduced their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $124.00 price target on shares of Visteon in a research note on Tuesday, September 10th. Wolfe Research started coverage on Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Barclays decreased their target price on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Visteon has an average rating of “Moderate Buy” and an average price target of $127.57.

Visteon Trading Up 4.2 %

Shares of Visteon stock opened at $95.86 on Tuesday. The company’s 50-day moving average price is $92.33 and its 200-day moving average price is $100.75. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. Visteon Co. has a 12-month low of $86.27 and a 12-month high of $131.70. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 5.20, a PEG ratio of 0.44 and a beta of 1.45.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.37. The firm had revenue of $980.00 million for the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.35 earnings per share. On average, equities analysts expect that Visteon Co. will post 8.2 earnings per share for the current fiscal year.

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.