SG Americas Securities LLC Reduces Stock Position in Visteon Co. (NASDAQ:VC)

SG Americas Securities LLC lowered its position in Visteon Co. (NASDAQ:VC - Free Report) by 85.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,558 shares of the company's stock after selling 14,726 shares during the period. SG Americas Securities LLC's holdings in Visteon were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VC. Covestor Ltd raised its holdings in shares of Visteon by 105.7% during the 3rd 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 position in shares of Visteon during the 1st quarter worth $38,000. Rockefeller Capital Management L.P. raised its holdings in shares of Visteon by 1,286.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 305 shares of the company's stock worth $39,000 after acquiring an additional 283 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Visteon during the 1st quarter worth $48,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Visteon during the 2nd quarter worth $63,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Visteon from $160.00 to $148.00 and set a "neutral" rating for the company in a research report on Thursday, January 25th. BNP Paribas downgraded Visteon from an "outperform" rating to a "neutral" rating and set a $130.00 price objective for the company. in a research report on Wednesday, December 13th. UBS Group raised Visteon from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $143.00 to $145.00 in a research report on Wednesday, January 17th. Barclays cut their price objective on Visteon from $158.00 to $140.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company raised their price objective on Visteon from $101.00 to $106.00 and gave the stock an "underweight" rating in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $146.00.

Visteon Stock Up 1.6 %

VC stock traded up $1.80 during trading on Tuesday, hitting $114.07. 284,035 shares of the company's stock were exchanged, compared to its average volume of 275,406. The business has a 50-day moving average price of $116.06 and a two-hundred day moving average price of $120.71. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 0.49 and a beta of 1.65. 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.

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

About Visteon

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.