Franklin Resources Inc. Raises Position in Visteon Co. (NASDAQ:VC)

Franklin Resources Inc. grew its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,385 shares of the company's stock after buying an additional 5,765 shares during the quarter. Franklin Resources Inc. owned 0.10% of Visteon worth $2,341,000 as of its most recent filing with the Securities & Exchange Commission.

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Several other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after purchasing an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock valued at $105,000 after purchasing an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of 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 purchasing an additional 754 shares in the last quarter. KBC Group NV increased its holdings in Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after buying an additional 450 shares in the last quarter. Finally, Morse Asset Management Inc bought a new stake in Visteon in the 3rd quarter worth about $164,000. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

VC has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. TD Cowen started coverage on shares of Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group restated a "neutral" rating and issued a $74.00 price target (down from $103.00) on shares of Visteon in a research note on Thursday. Finally, Royal Bank of Canada reduced their price objective on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $108.75.

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Get Our Latest Stock Report on VC

Visteon Stock Up 1.6 %

NASDAQ VC opened at $68.11 on Monday. Visteon Co. has a 52 week low of $65.10 and a 52 week high of $117.94. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.84 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. The stock's 50-day moving average price is $81.08 and its 200-day moving average price is $86.75.

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Visteon (NASDAQ:VC - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. On average, equities research analysts predict that Visteon Co. will post 8.42 earnings per share 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.

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