Visteon Co. (NASDAQ:VC) Shares Sold by Redwood Investments LLC

Redwood Investments LLC trimmed its position in Visteon Co. (NASDAQ:VC - Free Report) by 73.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,684 shares of the company's stock after selling 70,366 shares during the quarter. Redwood Investments LLC owned 0.09% of Visteon worth $3,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Visteon by 5.1% during the second quarter. BlackRock Inc. now owns 3,807,664 shares of the company's stock worth $546,819,000 after buying an additional 185,804 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Visteon by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,705,327 shares of the company's stock worth $286,927,000 after buying an additional 13,287 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Visteon by 51.5% during the first quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company's stock worth $267,776,000 after buying an additional 834,079 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Visteon by 7.7% during the third quarter. Victory Capital Management Inc. now owns 1,095,298 shares of the company's stock worth $151,228,000 after buying an additional 78,497 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Visteon by 3.8% during the first quarter. State Street Corp now owns 1,051,933 shares of the company's stock worth $114,797,000 after buying an additional 38,648 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VC shares. Royal Bank of Canada dropped their target price on shares of Visteon from $188.00 to $146.00 and set an "outperform" rating on the stock in a report on Thursday, March 7th. Bank of America dropped their price objective on shares of Visteon from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Thursday, February 29th. UBS Group upgraded shares of Visteon from a "neutral" rating to a "buy" rating and upped their price objective for the company from $143.00 to $145.00 in a report on Wednesday, January 17th. StockNews.com raised shares of Visteon from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Finally, Barclays decreased their target price on shares of Visteon from $158.00 to $140.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $146.00.

Visteon Trading Down 0.3 %

Shares of VC stock traded down $0.32 during mid-day trading on Monday, reaching $117.29. The stock had a trading volume of 280,057 shares, compared to its average volume of 275,985. Visteon Co. has a 52-week low of $108.65 and a 52-week high of $159.87. The company has a current ratio of 1.74, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28. The stock's 50-day moving average price is $116.66 and its two-hundred day moving average price is $121.58. The firm has a market capitalization of $3.22 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 0.53 and a beta of 1.65.

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

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.