Dynamic Technology Lab Private Ltd Buys New Position in Visteon Co. (NASDAQ:VC)

Dynamic Technology Lab Private Ltd bought a new stake in Visteon Co. (NASDAQ:VC) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 23,629 shares of the company’s stock, valued at approximately $2,250,000. Dynamic Technology Lab Private Ltd owned approximately 0.09% of Visteon at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Signaturefd LLC raised its stake in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after acquiring an additional 119 shares in the last quarter. Mather Group LLC. acquired a new stake in Visteon in the 2nd quarter valued at about $59,000. KBC Group NV boosted its stake in shares of Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after buying an additional 247 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Visteon during the second quarter worth about $89,000. Finally, nVerses Capital LLC raised its holdings in Visteon by 22.2% in the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after acquiring an additional 200 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on VC shares. StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 target price on shares of Visteon in a research report on Tuesday, September 10th. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $115.00 to $122.00 in a report on Friday, September 20th. JPMorgan Chase & Co. cut their price objective on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Finally, The Goldman Sachs Group lowered their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.57.

Visteon Trading Up 1.8 %

Shares of VC stock opened at $92.01 on Monday. The company has a market capitalization of $2.54 billion, a P/E ratio of 5.00, a price-to-earnings-growth ratio of 0.44 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. The business’s 50 day moving average is $92.23 and its two-hundred day moving average is $100.89. Visteon Co. has a twelve month low of $86.27 and a twelve month high of $131.70.

Visteon (NASDAQ:VC) last posted its quarterly earnings data 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. The firm had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. Visteon’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $2.35 EPS. Equities analysts forecast that Visteon Co. will post 8.2 EPS for the current year.

Visteon Company 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.