Olympiad Research LP Takes Position in Visteon Co. (NASDAQ:VC)

Olympiad Research LP acquired a new stake in Visteon Co. (NASDAQ:VC – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,500 shares of the company’s stock, valued at approximately $429,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Visteon by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company’s stock valued at $344,520,000 after purchasing an additional 48,457 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock worth $161,760,000 after buying an additional 137,264 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Visteon by 1.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 808,192 shares of the company’s stock worth $86,234,000 after buying an additional 8,941 shares during the period. Dimensional Fund Advisors LP raised its holdings in Visteon by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock valued at $71,552,000 after acquiring an additional 83,840 shares during the period. Finally, Millennium Management LLC lifted its position in Visteon by 24.4% during the second quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after acquiring an additional 111,377 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Trading Up 1.6 %

NASDAQ:VC opened at $92.92 on Thursday. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 5.04, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The firm has a 50-day moving average price of $93.60 and a two-hundred day moving average price of $102.82. Visteon Co. has a 52 week low of $86.77 and a 52 week high of $131.70.

Visteon (NASDAQ:VC – Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. During the same period in the prior year, the firm earned $2.35 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. On average, equities analysts expect that Visteon Co. will post 8.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday. Citigroup reduced their price objective on shares of Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $115.00 to $122.00 in a research report on Friday, September 20th. Baird R W downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Morgan Stanley decreased their price target on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.57.

View Our Latest Report on Visteon

Visteon Profile

(Free Report)

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.

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