Cardinal Capital Management Makes New $1.69 Million Investment in Visteon Co. (NASDAQ:VC)

Cardinal Capital Management purchased a new stake in shares of Visteon Co. (NASDAQ:VC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 19,060 shares of the company’s stock, valued at approximately $1,691,000. Cardinal Capital Management owned about 0.07% of Visteon at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC lifted its stake in Visteon by 46.7% during the third quarter. Signaturefd LLC now owns 421 shares of the company’s stock worth $40,000 after purchasing an additional 134 shares during the last quarter. KBC Group NV lifted its position in Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after buying an additional 247 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after acquiring an additional 754 shares during the last quarter. Covestor Ltd grew its position in Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after acquiring an additional 202 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of Visteon during the third quarter worth approximately $164,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Visteon Stock Performance

NASDAQ:VC opened at $83.21 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $85.85 and its 200 day simple moving average is $91.38. The stock has a market cap of $2.30 billion, a P/E ratio of 4.52, a price-to-earnings-growth ratio of 0.36 and a beta of 1.44. Visteon Co. has a twelve month low of $75.75 and a twelve month high of $123.73.

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.