Nuveen Asset Management LLC Has $18.92 Million Stock Holdings in Visteon Co. (NASDAQ:VC)

Nuveen Asset Management LLC cut its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 30.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,208 shares of the company's stock after selling 94,984 shares during the period. Nuveen Asset Management LLC owned approximately 0.77% of Visteon worth $18,916,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in Visteon by 225.3% in the fourth 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 holdings in Visteon by 62.5% in the fourth 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 holdings in Visteon by 884.2% in the fourth 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 holdings in Visteon by 136.8% in the fourth 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 holdings in Visteon by 49.9% in the fourth 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 institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on VC shares. UBS Group reissued a "neutral" rating and set a $76.00 target price (down previously from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Barclays reissued an "equal weight" rating and set a $82.00 target price (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. TD Cowen started coverage on shares of Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 target price for the company. The Goldman Sachs Group reissued a "neutral" rating and set a $74.00 target price (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Finally, Robert W. Baird increased their price target on shares of Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $96.25.

Visteon Price Performance

Shares of VC traded up $0.74 during mid-day trading on Thursday, hitting $84.76. 17,772 shares of the company traded hands, compared to its average volume of 311,837. Visteon Co. has a one year low of $65.10 and a one year high of $117.94. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average of $78.54 and a 200 day moving average of $84.19. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.42 and a beta of 1.23.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, beating the consensus estimate of $1.70 by $0.70. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. During the same period in the prior year, the firm earned $1.61 earnings per share. Visteon's revenue was up .1% compared to the same quarter last year. As a group, equities analysts expect that Visteon Co. will post 8.42 earnings per share for the current fiscal 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.