RMB Capital Management LLC Has $12.83 Million Stock Position in Visteon Co. (NASDAQ:VC)

RMB Capital Management LLC lifted its stake in shares of Visteon Co. (NASDAQ:VC) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 102,731 shares of the company’s stock after buying an additional 883 shares during the period. RMB Capital Management LLC owned about 0.37% of Visteon worth $12,831,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Swiss National Bank raised its holdings in Visteon by 1.6% in the 3rd quarter. Swiss National Bank now owns 62,400 shares of the company’s stock valued at $8,616,000 after buying an additional 1,000 shares during the last quarter. Pathstone Family Office LLC acquired a new position in shares of Visteon during the third quarter worth $234,000. UBS Group AG grew its stake in shares of Visteon by 14.8% in the third quarter. UBS Group AG now owns 33,577 shares of the company’s stock worth $4,636,000 after purchasing an additional 4,333 shares during the last quarter. Deutsche Bank AG increased its holdings in Visteon by 10.5% in the third quarter. Deutsche Bank AG now owns 19,486 shares of the company’s stock valued at $2,690,000 after purchasing an additional 1,858 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Visteon by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock worth $706,000 after purchasing an additional 94 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Down 1.1 %

NASDAQ:VC traded down $1.14 on Tuesday, hitting $104.57. The stock had a trading volume of 228,684 shares, compared to its average volume of 266,079. Visteon Co. has a 1 year low of $103.34 and a 1 year high of $159.87. The firm’s fifty day simple moving average is $111.55 and its two-hundred day simple moving average is $116.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.37 and a current ratio of 1.74. The stock has a market cap of $2.89 billion, a P/E ratio of 5.95, a price-to-earnings-growth ratio of 0.49 and a beta of 1.54.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). The business had revenue of $933.00 million during the quarter, compared to the consensus estimate of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 EPS. Analysts predict that Visteon Co. will post 8.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VC. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Morgan Stanley dropped their target price on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Robert W. Baird decreased their price target on Visteon from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Bank of America lowered their price objective on Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, Wells Fargo & Company upgraded Visteon from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $106.00 to $108.00 in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.73.

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.