Visteon Co. (NASDAQ:VC) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its position in Visteon Co. (NASDAQ:VC - Free Report) by 45.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,585 shares of the company's stock after selling 162,865 shares during the quarter. TimesSquare Capital Management LLC owned 0.71% of Visteon worth $24,553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tectonic Advisors LLC acquired a new stake in shares of Visteon during the fourth quarter worth approximately $3,187,000. Westfield Capital Management Co. LP increased its position in shares of Visteon by 11.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 664,137 shares of the company's stock worth $91,697,000 after purchasing an additional 65,593 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Visteon by 1,842.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,444 shares of the company's stock valued at $3,789,000 after purchasing an additional 26,031 shares in the last quarter. Comerica Bank acquired a new stake in shares of Visteon in the 3rd quarter valued at about $12,222,000. Finally, AQR Capital Management LLC lifted its position in shares of Visteon by 40.4% during the third quarter. AQR Capital Management LLC now owns 66,670 shares of the company's stock worth $9,205,000 after purchasing an additional 19,196 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Trading Up 0.3 %

Shares of VC traded up $0.40 during midday trading on Wednesday, hitting $116.52. The stock had a trading volume of 259,913 shares, compared to its average volume of 288,082. The business has a 50-day simple moving average of $113.23 and a two-hundred day simple moving average of $117.45. The firm has a market cap of $3.22 billion, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 0.53 and a beta of 1.66. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 0.28. Visteon Co. has a fifty-two week low of $105.19 and a fifty-two week high of $159.87.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.14). The business had revenue of $933.00 million during the quarter, compared to analyst estimates of $971.45 million. Visteon had a return on equity of 53.49% and a net margin of 12.60%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $1.25 EPS. As a group, equities analysts forecast that Visteon Co. will post 8.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VC. Wells Fargo & Company upgraded Visteon from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $106.00 to $108.00 in a research note on Friday, April 26th. Bank of America dropped their target price on Visteon from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. JPMorgan Chase & Co. cut their target price on Visteon from $146.00 to $145.00 and set a "neutral" rating on the stock in a research note on Monday, April 22nd. StockNews.com upgraded shares of Visteon from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Finally, UBS Group upgraded shares of Visteon from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $143.00 to $145.00 in a research report on Wednesday, January 17th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $142.36.

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.

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