Visteon Corporation (NASDAQ:VC) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its position in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 795,014 shares of the company's stock after selling 113,701 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.92% of Visteon worth $61,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Visteon by 12.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock worth $571,000 after purchasing an additional 799 shares during the period. SG Americas Securities LLC bought a new position in Visteon in the 1st quarter worth approximately $472,000. Sei Investments Co. raised its position in Visteon by 93.2% in the 4th quarter. Sei Investments Co. now owns 147,603 shares of the company's stock worth $13,095,000 after purchasing an additional 71,202 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Visteon by 2.7% in the 4th quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock valued at $58,231,000 after buying an additional 17,526 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Visteon in the 4th quarter worth $203,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Price Performance

Shares of VC traded down $0.29 during mid-day trading on Monday, reaching $109.15. The stock had a trading volume of 454,258 shares, compared to its average volume of 342,568. The business has a fifty day moving average of $93.04 and a 200 day moving average of $85.31. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $117.94. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 10.23 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.83.

Visteon (NASDAQ:VC - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $1.70 by $0.70. Visteon had a net margin of 7.68% and a return on equity of 24.95%. The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The company's quarterly revenue was up .1% compared to the same quarter last year. Equities analysts predict that Visteon Corporation will post 8.42 EPS for the current year.

Insider Activity at Visteon

In related news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total value of $200,300.00. Following the transaction, the senior vice president owned 20,838 shares of the company's stock, valued at $2,086,925.70. This trade represents a 8.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on VC. Barclays boosted their price target on Visteon from $95.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group raised shares of Visteon from a "neutral" rating to a "buy" rating and lifted their price target for the company from $83.00 to $120.00 in a research note on Friday, July 11th. Morgan Stanley decreased their price target on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target on the stock in a report on Wednesday, July 2nd. Finally, Guggenheim dropped their target price on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visteon currently has a consensus rating of "Moderate Buy" and an average target price of $106.58.

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.