BNP Paribas Financial Markets Has $1.55 Million Stock Holdings in Visteon Co. (NASDAQ:VC)

BNP Paribas Financial Markets cut its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 37.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,411 shares of the company's stock after selling 10,224 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of Visteon worth $1,545,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VC. American Century Companies Inc. grew its stake in shares of Visteon by 58.8% in the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock valued at $128,468,000 after buying an additional 536,073 shares in the last quarter. Norges Bank bought a new stake in Visteon in the fourth quarter valued at about $29,468,000. Price T Rowe Associates Inc. MD boosted its stake in Visteon by 78.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company's stock valued at $29,850,000 after buying an additional 147,685 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Visteon by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock worth $74,886,000 after purchasing an additional 124,897 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Visteon in the 4th quarter worth approximately $10,170,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Visteon from $96.00 to $101.00 and gave the stock an "overweight" rating in a report on Monday. TD Cowen initiated 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 dropped their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Royal Bank of Canada lowered their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $96.25.

Visteon Trading Down 1.2%

VC stock traded down $1.02 during midday trading on Friday, hitting $82.99. 66,989 shares of the company's stock were exchanged, compared to its average volume of 311,448. The stock's fifty day moving average price is $78.30 and its 200-day moving average price is $84.41. Visteon Co. has a one year low of $65.10 and a one year high of $117.94. 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 company has a market cap of $2.26 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23.

Visteon (NASDAQ:VC - Get Free Report) last released its 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 return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. During the same quarter in the previous year, the business posted $1.61 EPS. The business's quarterly revenue was up .1% compared to the same quarter last year. Research analysts predict 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.