Visteon Co. (NASDAQ:VC) Shares Bought by Federated Hermes Inc.

Posted by on Mar 10th, 2023

Federated Hermes Inc. increased its stake in Visteon Co. (NASDAQ:VC – Get Rating) by 10.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,543 shares of the company’s stock after acquiring an additional 2,988 shares during the quarter. Federated Hermes Inc. owned approximately 0.11% of Visteon worth $3,345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VC. CWM LLC lifted its holdings in shares of Visteon by 65.3% during the third quarter. CWM LLC now owns 238 shares of the company’s stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Visteon during the first quarter valued at $38,000. Lazard Asset Management LLC purchased a new stake in shares of Visteon during the third quarter valued at $41,000. Pinebridge Investments L.P. lifted its holdings in shares of Visteon by 307.0% during the second quarter. Pinebridge Investments L.P. now owns 407 shares of the company’s stock valued at $42,000 after purchasing an additional 307 shares during the last quarter. Finally, Wipfli Financial Advisors LLC purchased a new stake in shares of Visteon during the third quarter valued at $52,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Robert W. Baird raised their price target on Visteon from $163.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th. Wells Fargo & Company raised their price target on Visteon from $102.00 to $125.00 and gave the stock an “underweight” rating in a research note on Friday, February 17th. Cowen raised their price target on Visteon from $164.00 to $195.00 in a research note on Friday, February 17th. Barclays raised their price target on Visteon from $125.00 to $135.00 in a research note on Friday, February 17th. Finally, Citigroup raised their price target on Visteon from $129.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, January 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $151.21.

Visteon Stock Performance

VC opened at $165.34 on Friday. The firm has a market capitalization of $4.66 billion, a P/E ratio of 38.10 and a beta of 1.82. The stock’s 50 day moving average price is $153.35 and its two-hundred day moving average price is $137.78. The company has a quick ratio of 1.32, a current ratio of 1.65 and a debt-to-equity ratio of 0.43. Visteon Co. has a 12-month low of $88.82 and a 12-month high of $171.66.

Visteon Company Profile

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Visteon Corp. engages in the design, engineering, and manufacture of electronics products, automotive vehicles and supplies automotive parts. Its products include Instrument Clusters, Information Displays,Telematics Solutions, Head-Up Displays, Domain Controller and DriveCore Autonomous. The company was founded on January 5, 2000 and is headquartered in Van Buren Township, MI.

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Institutional Ownership by Quarter for Visteon (NASDAQ:VC)

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