Centiva Capital LP decreased its stake in Visteon Co. (NASDAQ:VC - Free Report) by 38.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,692 shares of the company's stock after selling 3,559 shares during the quarter. Centiva Capital LP's holdings in Visteon were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Visteon by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock worth $258,106,000 after buying an additional 16,442 shares in the last quarter. American Century Companies Inc. lifted its holdings in Visteon by 58.8% during the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock worth $128,468,000 after purchasing an additional 536,073 shares during the last quarter. Invesco Ltd. lifted its holdings in Visteon by 5.6% during the 4th quarter. Invesco Ltd. now owns 1,184,511 shares of the company's stock worth $105,090,000 after purchasing an additional 62,610 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Visteon by 5.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock worth $80,621,000 after purchasing an additional 45,058 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Visteon by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock worth $74,886,000 after acquiring an additional 124,897 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.
Visteon Stock Performance
VC traded down $0.67 during midday trading on Thursday, reaching $86.49. The company had a trading volume of 99,693 shares, compared to its average volume of 307,380. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock has a market cap of $2.36 billion, a PE ratio of 8.82, a P/E/G ratio of 0.42 and a beta of 1.23. Visteon Co. has a 12-month low of $65.10 and a 12-month high of $117.94. The business has a 50-day moving average price of $78.01 and a two-hundred day moving average price of $84.73.
Visteon (NASDAQ:VC - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.70. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. During the same period in the previous year, the company earned $1.61 earnings per share. The company's quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts expect that Visteon Co. will post 8.42 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. UBS Group reiterated a "neutral" rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Barclays reiterated an "equal weight" rating and issued a $82.00 target price (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Wells Fargo & Company raised their target price on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Robert W. Baird boosted their price objective on Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $74.00 price objective (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Visteon presently has an average rating of "Hold" and a consensus target price of $98.58.
Get Our Latest Research Report on Visteon
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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