Visteon Co. (NASDAQ:VC) Shares Bought by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC increased its position in shares of Visteon Co. (NASDAQ:VC) by 38.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,755 shares of the company’s stock after acquiring an additional 3,788 shares during the quarter. HITE Hedge Asset Management LLC’s holdings in Visteon were worth $1,310,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after purchasing an additional 119 shares during the period. Mather Group LLC. acquired a new stake in Visteon in the 2nd quarter valued at about $59,000. Acadian Asset Management LLC bought a new position in shares of Visteon in the 2nd quarter valued at about $89,000. KBC Group NV boosted its stake in shares of Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after purchasing an additional 247 shares during the last quarter. Finally, nVerses Capital LLC boosted its stake in Visteon by 22.2% during the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after acquiring an additional 200 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Stock Performance

NASDAQ VC opened at $95.36 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $92.19 and its two-hundred day moving average is $100.08. Visteon Co. has a 12-month low of $86.27 and a 12-month high of $131.70. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 5.18, a PEG ratio of 0.45 and a beta of 1.44.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on VC. JPMorgan Chase & Co. lowered their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $124.00 target price on shares of Visteon in a research report on Tuesday, September 10th. Barclays reduced their target price on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Wolfe Research began coverage on shares of Visteon in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.57.

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.