Jump Financial LLC lowered its position in Visteon Co. (NASDAQ:VC - Free Report) by 30.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,501 shares of the company's stock after selling 7,179 shares during the period. Jump Financial LLC owned 0.06% of Visteon worth $1,464,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in Visteon by 225.3% in 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 in the last quarter. Signaturefd LLC increased its stake in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after purchasing an additional 263 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Visteon by 884.2% in the 4th 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 last quarter. Nisa Investment Advisors LLC lifted its holdings 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 valued at $116,000 after purchasing an additional 754 shares in the last quarter. Finally, KBC Group NV lifted its stake in Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after acquiring an additional 450 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.
Analyst Upgrades and Downgrades
VC has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. The Goldman Sachs Group restated a "neutral" rating and set a $74.00 target price (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Robert W. Baird increased their price target on shares of Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday. TD Cowen started coverage on shares of Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 price objective for the company. Finally, Barclays reaffirmed an "equal weight" rating and issued a $82.00 target price (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. 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 stock has a consensus rating of "Hold" and an average target price of $100.67.
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Visteon Price Performance
Shares of Visteon stock traded up $0.99 during trading on Friday, reaching $79.01. 96,629 shares of the stock traded hands, compared to its average volume of 305,691. Visteon Co. has a 52-week low of $65.10 and a 52-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. The business has a fifty day simple moving average of $79.42 and a two-hundred day simple moving average of $85.54. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 0.42 and a beta of 1.32.
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 the consensus estimate of $1.70 by $0.70. The business had revenue of $934.00 million during the quarter, compared to analysts' expectations of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Sell-side analysts expect 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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