Guggenheim Capital LLC lowered its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 74.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,490 shares of the company's stock after selling 7,138 shares during the quarter. Guggenheim Capital LLC's holdings in Visteon were worth $221,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Nordea Investment Management AB purchased a new stake in shares of Visteon in the fourth quarter worth about $7,730,000. Charles Schwab Investment Management Inc. boosted its holdings in Visteon by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock worth $32,526,000 after acquiring an additional 25,319 shares during the period. Sei Investments Co. grew its position in Visteon by 93.2% in the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company's stock valued at $13,095,000 after acquiring an additional 71,202 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Visteon by 2.7% during the fourth quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock valued at $58,231,000 after purchasing an additional 17,526 shares during the period. Finally, Value Holdings Management CO. LLC lifted its position in shares of Visteon by 90.9% during the fourth quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company's stock worth $2,795,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on VC. Morgan Stanley decreased their price objective on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group reissued a "neutral" rating and set a $74.00 price target (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Wells Fargo & Company lifted their price target on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Guggenheim reduced their price objective 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. Finally, Royal Bank of Canada dropped their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $100.67.
View Our Latest Analysis on Visteon
Visteon Stock Performance
NASDAQ VC traded up $0.50 during trading hours on Friday, hitting $79.89. The company had a trading volume of 248,796 shares, compared to its average volume of 305,616. Visteon Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The firm has a market cap of $2.18 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $78.33 and a 200-day simple moving average of $85.02.
Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share 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 firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. During the same period last year, the firm posted $1.61 EPS. Visteon's quarterly revenue was up .1% compared to the same quarter last year. Equities analysts predict that Visteon Co. will post 8.42 EPS for the current 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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