Visteon Co. (NASDAQ:VC) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP reduced its stake in shares of Visteon Co. (NASDAQ:VC - Free Report) by 58.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,106 shares of the company's stock after selling 15,736 shares during the quarter. Bridgewater Associates LP's holdings in Visteon were worth $985,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC boosted its stake in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after purchasing an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after purchasing an additional 754 shares in the last quarter. Finally, KBC Group NV boosted its stake 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 purchasing an additional 450 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Visteon from $100.00 to $76.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. TD Cowen assumed coverage on shares of Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 price target for the company. Guggenheim cut their price target on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a report on Tuesday. Morgan Stanley cut their price target on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $74.00 price target (down previously from $103.00) on shares of Visteon in a report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $99.83.

Visteon Stock Up 5.1 %

Shares of Visteon stock traded up $3.83 during trading hours on Thursday, reaching $78.41. 102,986 shares of the company were exchanged, compared to its average volume of 305,293. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94. The stock's fifty day moving average is $79.53 and its 200 day moving average is $85.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The firm has a market cap of $2.12 billion, a PE ratio of 8.00, a PEG ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.77. Visteon had a net margin of 7.09% and a return on equity of 24.58%. As a group, equities research analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.

Visteon 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.