American Century Companies Inc. Has $128.47 Million Holdings in Visteon Co. (NASDAQ:VC)

American Century Companies Inc. lifted its stake in shares of Visteon Co. (NASDAQ:VC) by 58.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,448,017 shares of the company’s stock after buying an additional 536,073 shares during the period. American Century Companies Inc. owned 0.05% of Visteon worth $128,468,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC raised its holdings in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after purchasing an additional 263 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after buying an additional 754 shares during the period. KBC Group NV raised its stake in shares of Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after buying an additional 450 shares during the last quarter. Morse Asset Management Inc acquired a new position in Visteon in the third quarter valued at approximately $164,000. Finally, Entropy Technologies LP bought a new position in Visteon in the fourth quarter valued at approximately $214,000. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on VC shares. Royal Bank of Canada dropped their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Barclays reduced their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company increased their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. TD Cowen began coverage on Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 target price for the company. Finally, Morgan Stanley cut their price target on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $117.25.

Visteon Stock Performance

VC opened at $80.28 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The company has a market capitalization of $2.17 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The business has a fifty day simple moving average of $84.38 and a 200 day simple moving average of $88.98. Visteon Co. has a 1 year low of $75.75 and a 1 year high of $119.16.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating the consensus estimate of $1.97 by $2.47. The business had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Research analysts expect that Visteon Co. will post 8.42 EPS for the current 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.