Nebula Research & Development LLC Takes Position in Visteon Co. (NASDAQ:VC)

Nebula Research & Development LLC purchased a new position in shares of Visteon Co. (NASDAQ:VC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,551 shares of the company’s stock, valued at approximately $1,443,000.

A number of other institutional investors have also recently bought and sold shares of the business. Covestor Ltd increased its holdings in shares of Visteon by 105.7% in the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after purchasing an additional 111 shares during the last quarter. Parallel Advisors LLC grew its stake in Visteon by 98.6% in the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after buying an additional 142 shares during the last quarter. CWM LLC grew its position in shares of Visteon by 53.6% in the fourth quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares during the last quarter. Quadrant Capital Group LLC increased its position in Visteon by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after buying an additional 178 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Visteon in the fourth quarter valued at about $59,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

VC has been the subject of several analyst reports. Wells Fargo & Company upgraded shares of Visteon from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $106.00 to $108.00 in a research note on Friday, April 26th. Morgan Stanley dropped their price target on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their price objective on Visteon from $146.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Finally, Robert W. Baird reduced their target price on Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Visteon currently has an average rating of “Moderate Buy” and a consensus target price of $138.73.

Visteon Price Performance

NASDAQ:VC traded down $1.46 during trading hours on Tuesday, hitting $104.25. The company’s stock had a trading volume of 139,986 shares, compared to its average volume of 265,287. Visteon Co. has a twelve month low of $103.34 and a twelve month high of $159.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37. The stock has a fifty day simple moving average of $111.55 and a 200-day simple moving average of $116.34. The company has a market capitalization of $2.88 billion, a P/E ratio of 5.95, a PEG ratio of 0.49 and a beta of 1.54.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). The company had revenue of $933.00 million during the quarter, compared to analyst estimates of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.25 earnings per share. On average, analysts anticipate that Visteon Co. will post 8.49 EPS 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.