Fox Run Management L.L.C. Boosts Stock Position in Visteon Co. (NASDAQ:VC)

Fox Run Management L.L.C. boosted its holdings in shares of Visteon Co. (NASDAQ:VC) by 63.0% during the fourth quarter, Holdings Channel reports. The firm owned 14,317 shares of the company’s stock after acquiring an additional 5,535 shares during the quarter. Fox Run Management L.L.C.’s holdings in Visteon were worth $1,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. raised its holdings 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 purchasing an additional 536,073 shares in the last quarter. State Street Corp raised its stake in Visteon by 0.4% in the third quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after buying an additional 3,918 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Visteon by 6.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock worth $82,255,000 after buying an additional 55,465 shares during the period. Geode Capital Management LLC boosted its position in Visteon by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock valued at $63,698,000 after acquiring an additional 7,743 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Visteon by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company’s stock worth $56,857,000 after acquiring an additional 12,900 shares during the period. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of VC opened at $80.28 on Friday. Visteon Co. has a twelve month low of $75.75 and a twelve month high of $119.16. The company has a market capitalization of $2.17 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The firm has a 50 day moving average of $84.38 and a 200 day moving average of $89.12. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. The business had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. As a group, equities research analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.