Guggenheim Capital LLC lowered its position in Visteon Co. (NASDAQ:VC - Free Report) by 74.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,490 shares of the company's stock after selling 7,138 shares during the period. Guggenheim Capital LLC's holdings in Visteon were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position 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 grew its position in Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after buying an additional 263 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock valued at $105,000 after buying an additional 1,061 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after acquiring an additional 754 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after acquiring an additional 450 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.
Analyst Ratings Changes
VC has been the subject of a number of analyst reports. Robert W. Baird upped their price target on Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Barclays reiterated 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. 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. Guggenheim decreased their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, TD Cowen began coverage on shares of Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 target price for the company. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $100.67.
View Our Latest Research Report on VC
Visteon Trading Up 0.6 %
Visteon stock traded up $0.50 during trading on Friday, reaching $79.89. 248,796 shares of the company were exchanged, compared to its average volume of 305,390. The stock's 50 day simple moving average is $78.33 and its two-hundred day simple moving average is $85.06. The company has a market capitalization of $2.18 billion, a P/E ratio of 8.14, a PEG ratio of 0.42 and a beta of 1.32. 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 Co. has a 52-week low of $65.10 and a 52-week high of $117.94.
Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly 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 return on equity of 24.58% and a net margin of 7.09%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $906.38 million. During the same quarter in the previous year, the firm earned $1.61 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts expect that Visteon Co. will post 8.42 earnings per share for the current fiscal year.
About Visteon
(
Free Report)
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.
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