Segall Bryant & Hamill LLC Buys New Stake in Visteon Co. (NASDAQ:VC)

Segall Bryant & Hamill LLC purchased a new stake in Visteon Co. (NASDAQ:VC) in the 4th quarter, HoldingsChannel reports. The fund purchased 25,626 shares of the company’s stock, valued at approximately $2,274,000.

Several other hedge funds also recently added to or reduced their stakes in VC. Signaturefd LLC lifted its position in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after purchasing an additional 263 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in 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 lifted its holdings in Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after buying an additional 450 shares in the last quarter. Morse Asset Management Inc purchased a new position in Visteon in the 3rd quarter valued at about $164,000. Finally, Entropy Technologies LP acquired a new stake in shares of Visteon during the fourth quarter valued at about $214,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Visteon Stock Performance

Shares of NASDAQ VC opened at $79.77 on Friday. The stock has a market capitalization of $2.16 billion, a P/E ratio of 8.13, a P/E/G ratio of 0.42 and a beta of 1.39. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $119.16. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $84.20 and its two-hundred day moving average price is $88.65.

Visteon (NASDAQ:VC) last issued its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. As a group, sell-side analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.

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.