New Age Alpha Advisors LLC Invests $236,000 in Visteon Co. (NASDAQ:VC)

New Age Alpha Advisors LLC purchased a new stake in shares of Visteon Co. (NASDAQ:VC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,663 shares of the company’s stock, valued at approximately $236,000.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after buying an additional 263 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after acquiring an additional 754 shares during the last quarter. KBC Group NV lifted its stake in shares of Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after purchasing an additional 450 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of Visteon in the 3rd quarter worth approximately $164,000. Finally, Entropy Technologies LP bought a new position in shares of Visteon during the 4th quarter valued at approximately $214,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on VC shares. Wells Fargo & Company lifted their price objective on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Morgan Stanley dropped 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 note on Monday, March 3rd. Royal Bank of Canada reduced their price objective 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. TD Cowen began coverage on Visteon in a research report on Friday, March 7th. They set a “buy” rating and a $108.00 target price for the company. Finally, Barclays reduced their price target on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.25.

Visteon Stock Up 2.0 %

Shares of Visteon stock opened at $78.96 on Thursday. Visteon Co. has a 1 year low of $75.75 and a 1 year high of $117.94. 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 stock has a market cap of $2.14 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.42 and a beta of 1.39. The firm’s 50-day moving average is $83.63 and its two-hundred day moving average is $88.25.

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