Voya Investment Management LLC Has $1.52 Million Stock Holdings in Visteon Co. (NASDAQ:VC)

Voya Investment Management LLC lifted its holdings in shares of Visteon Co. (NASDAQ:VC) by 28.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 17,074 shares of the company’s stock after purchasing an additional 3,761 shares during the quarter. Voya Investment Management LLC’s holdings in Visteon were worth $1,515,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in VC. Barclays PLC raised its stake in Visteon by 60.0% during the third quarter. Barclays PLC now owns 63,716 shares of the company’s stock worth $6,068,000 after acquiring an additional 23,893 shares in the last quarter. Virtu Financial LLC bought a new position in Visteon during the 3rd quarter valued at about $309,000. Franklin Resources Inc. grew its stake in Visteon by 0.8% during the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock worth $1,881,000 after buying an additional 171 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Visteon by 3.2% during the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock worth $26,131,000 after buying an additional 8,500 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Visteon in the fourth quarter valued at approximately $7,730,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Up 0.6 %

NASDAQ:VC opened at $79.89 on Monday. 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 Co. has a 12-month low of $65.10 and a 12-month high of $117.94. The stock’s fifty day simple moving average is $78.33 and its 200-day simple moving average is $84.98. The firm has a market capitalization of $2.18 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.70. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.61 EPS. Equities research analysts expect that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VC shares. Morgan Stanley dropped their price target on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $74.00 price target (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Guggenheim lowered their price objective on shares of Visteon from $108.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada reduced their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays reissued an “equal weight” rating and issued a $82.00 price target (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $100.67.

Visteon 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.