On September 20, 2023, it was reported that &Duality Advisers LP had purchased a new stake in Visteon Co. (NASDAQ:VC) during the first quarter of the year. The firm acquired 2,283 shares of the company’s stock, with an approximate value of $358,000. This move by &Duality Advisers LP reflects their confidence in Visteon’s potential for growth and profitability.
Visteon recently released its quarterly earnings results on August 3rd. The company reported earnings per share (EPS) of $1.18 for the quarter, falling short of analysts’ consensus estimates of $1.58 by $0.40. Despite this miss, Visteon maintained a return on equity of 20.35% and a net margin of 3.27%. The revenue for the quarter amounted to $983 million, slightly lower than analysts’ expectations of $984.51 million but still showing a promising increase of 15.9% compared to the same period last year.
Looking ahead, industry analysts anticipate that Visteon Co. will post an EPS of 6.58 for the current fiscal year, demonstrating optimism regarding the company’s future performance and aligning with &Duality Advisers LP’s investment decision.
Various research analysts have weighed in on VC shares recently. Citigroup raised their target price from $159 to $160 and provided a “neutral” rating for Visteon in their research note on July 18th. Similarly, Wolfe Research upgraded Visteon from “peer perform” to “outperform,” setting a target price of $175 for the company on June 8th. On August 4th,Wells Fargo & Company increased their target price from $130 to $138 and issued an “underweight” rating for Visteon.
StockNews.com initiated coverage on Visteon on August 23rd, awarding the company a “hold” rating. Lastly, JPMorgan Chase & Co. raised their price target from $156 to $157 and provided a “neutral” rating for Visteon in their research report on July 20th.
Overall, data from Bloomberg reveals that Visteon has an average rating of “Hold,” with two equities research analysts holding a sell rating, five maintaining a hold rating, and five assigning a buy rating to the company. The consensus price target stands at $165.
These assessments and ratings indicate a balanced perspective among industry experts regarding Visteon’s future prospects. It is important for investors to carefully consider these insights when making investment decisions concerning Visteon Co.’s stock.
American Water Works Company, Inc.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Recent Developments in Investor Holdings and CEO Transactions Reflect Diversified Interest in Visteon
In recent news, a number of large investors have made modifications to their holdings in Visteon, a leading automotive electronics supplier. O Shaughnessy Asset Management LLC, for instance, increased its holdings in the company by 3.1% during the fourth quarter. They now own 2,142 shares of Visteon’s stock valued at $280,000 after purchasing an additional 65 shares during that period.
Similarly, PNC Financial Services Group Inc., another major investor, boosted its stake in Visteon by 2.4% during the same fourth quarter. They now own 2,880 shares valued at $377,000 after acquiring an additional 67 shares. Ellevest Inc., yet another investor, also increased their stake in Visteon by 6.5% during the first quarter. Their holdings now amount to 1,367 shares valued at $214,000 after purchasing an additional 83 shares.
Metropolitan Life Insurance Co NY also joined the list of investors who increased their stake in Visteon by 5.2% during the fourth quarter. After buying an additional 85 shares during that time period, they now own a total of 1,712 shares valued at $224,000. Interestingly enough, Metropolitan Life Insurance Co NY saw another boost in their stake as they acquired an additional 85 shares during that same fourth quarter.
Impressively enough, institutional investors and hedge funds currently possess ownership of approximately 99.75% of Visteon’s stock. This indicates a high degree of confidence and trust from these industry players.
A notable event worth mentioning is the recent sale made by CEO Sachin Lawande on Thursday, July 20th. Lawande sold a total of 10,000 company shares at an average price of $153.72 for a sum total value of $1,537,200. Following this transaction, Lawande now directly holds 246,352 shares in Visteon, which are valued at approximately $37,869,229.44. This sale was disclosed in a document filed with the Securities & Exchange Commission.
Turning our attention to the current status of Visteon’s stock, it opened at $138.82 on Wednesday. The stock currently has a 50-day moving average price of $144.71 and a 200-day moving average price of $143.84. With a market cap of $3.91 billion, Visteon has a relatively high P/E ratio standing at 30.18 and an impressive P/E/G ratio of 0.62.
Moreover, the company has a beta of 1.83 indicating above-average volatility compared to the market. Additionally, it boasts a current ratio of 1.75 and a quick ratio of 1.39, reflecting its liquidity position and ability to cover short-term obligations effectively.
It is also worth noting that Visteon Co.’s debt-to-equity ratio stands at 0.42, signifying their conservative use of debt to finance operations.
Lastly, Visteon’s stock has seen fluctuations over the past year as it reached a low point of $103.46 and touched a high mark of $171.66.
Overall, these recent developments in investor holdings and CEO transactions showcase diversified interest in Visteon as well as some significant movements in share ownership among key players in this sector.