Washington Capital Management Inc. Acquires 1,000 Shares of Visteon Co. (NASDAQ:VC)

Washington Capital Management Inc. grew its position in Visteon Co. (NASDAQ:VC) by 18.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,300 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Washington Capital Management Inc.’s holdings in Visteon were worth $559,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in VC. Nordea Investment Management AB bought a new position in Visteon in the 4th quarter valued at about $7,730,000. Principal Financial Group Inc. raised its position in shares of Visteon by 3.2% in the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock valued at $26,131,000 after purchasing an additional 8,500 shares during the period. Mirabella Financial Services LLP lifted its position in shares of Visteon by 361.3% during the third quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company’s stock worth $1,628,000 after acquiring an additional 13,390 shares in the last quarter. Systematic Financial Management LP lifted its holdings in Visteon by 11.8% during the 3rd quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock worth $24,728,000 after purchasing an additional 27,403 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of Visteon by 28.2% in the third quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock valued at $19,259,000 after acquiring an additional 44,460 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price target on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. Royal Bank of Canada decreased their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.23.

Visteon Trading Down 0.2 %

Shares of VC stock opened at $85.15 on Thursday. The company has a market capitalization of $2.35 billion, a P/E ratio of 4.62, a price-to-earnings-growth ratio of 0.37 and a beta of 1.45. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. Visteon Co. has a twelve month low of $81.74 and a twelve month high of $123.73. The business’s 50 day moving average is $88.73 and its two-hundred day moving average is $94.19.

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.