Visteon Co. (NASDAQ:VC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 37.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,411 shares of the company's stock after selling 10,224 shares during the quarter. BNP Paribas Financial Markets owned about 0.06% of Visteon worth $1,545,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in shares of Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after acquiring an additional 347 shares during the period. Signaturefd LLC increased its stake in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after acquiring an additional 263 shares during the period. Nomura Asset Management Co. Ltd. increased its stake 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 worth $105,000 after acquiring an additional 1,061 shares during the period. Nisa Investment Advisors LLC increased its stake 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 worth $116,000 after acquiring an additional 754 shares during the period. Finally, KBC Group NV increased its stake in shares of Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after acquiring an additional 450 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VC shares. UBS Group reissued a "neutral" rating and set a $76.00 price objective (down previously from $114.00) on shares of Visteon in a report on Thursday, April 10th. Royal Bank of Canada cut their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Barclays reiterated an "equal weight" rating and issued a $82.00 price target (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. JPMorgan Chase & Co. boosted their price target on Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Robert W. Baird boosted their price target on Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $96.25.

Visteon Stock Down 1.2%

VC traded down $0.99 during trading hours on Friday, reaching $83.01. 262,133 shares of the stock traded hands, compared to its average volume of 313,258. The firm's fifty day simple moving average is $78.35 and its two-hundred day simple moving average is $84.29. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.70. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business's revenue was up .1% on a year-over-year basis. During the same period last year, the business earned $1.61 EPS. As a group, analysts forecast 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.