Assenagon Asset Management S.A. Cuts Holdings in Visteon Co. (NASDAQ:VC)

Assenagon Asset Management S.A. reduced its stake in Visteon Co. (NASDAQ:VC - Free Report) by 55.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,334 shares of the company's stock after selling 99,389 shares during the period. Assenagon Asset Management S.A. owned approximately 0.29% of Visteon worth $10,034,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VC. Covestor Ltd boosted its holdings in shares of Visteon by 105.7% in the third quarter. Covestor Ltd now owns 216 shares of the company's stock worth $30,000 after acquiring an additional 111 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Visteon in the first quarter worth $38,000. Rockefeller Capital Management L.P. raised its position in shares of Visteon by 1,286.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 305 shares of the company's stock worth $39,000 after buying an additional 283 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Visteon in the first quarter worth $48,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Visteon in the second quarter worth $63,000. 99.71% of the stock is owned by institutional investors.

Visteon Trading Up 0.4 %

VC traded up $0.47 during midday trading on Friday, reaching $117.61. 248,277 shares of the company's stock traded hands, compared to its average volume of 279,126. The firm has a fifty day moving average of $116.67 and a two-hundred day moving average of $121.83. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 0.53 and a beta of 1.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42. Visteon Co. has a 52 week low of $108.65 and a 52 week high of $159.91.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $13.01 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $10.92. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business had revenue of $990.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company posted $1.32 EPS. Visteon's quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Visteon Co. will post 8.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. BNP Paribas downgraded Visteon from an "outperform" rating to a "neutral" rating and set a $130.00 price objective on the stock. in a research report on Wednesday, December 13th. StockNews.com upgraded Visteon from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. UBS Group upgraded Visteon from a "neutral" rating to a "buy" rating and raised their price target for the company from $143.00 to $145.00 in a research report on Wednesday, January 17th. Barclays lowered their price target on Visteon from $158.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 24th. Finally, Wolfe Research restated a "peer perform" rating on shares of Visteon in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Visteon currently has an average rating of "Hold" and an average target price of $146.00.

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.