Marshall Wace LLP Sells 17,504 Shares of Visteon Co. (NASDAQ:VC)

Marshall Wace LLP lessened its stake in Visteon Co. (NASDAQ:VC - Free Report) by 30.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,920 shares of the company's stock after selling 17,504 shares during the period. Marshall Wace LLP owned 0.14% of Visteon worth $3,542,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VC. LPL Financial LLC grew its holdings in Visteon by 2.6% during the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company's stock worth $547,000 after acquiring an additional 156 shares during the period. Franklin Resources Inc. lifted its stake in Visteon by 0.8% during the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock valued at $1,881,000 after purchasing an additional 171 shares during the last quarter. Xponance Inc. boosted its holdings in Visteon by 4.7% during the fourth quarter. Xponance Inc. now owns 3,898 shares of the company's stock worth $346,000 after buying an additional 175 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Visteon by 2.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company's stock worth $756,000 after buying an additional 182 shares during the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock valued at $402,000 after buying an additional 216 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Stock Performance

Shares of VC stock traded up $0.80 during trading on Thursday, reaching $79.99. The company had a trading volume of 66,965 shares, compared to its average volume of 304,866. The company has a market capitalization of $2.18 billion, a PE ratio of 8.19, a PEG ratio of 0.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm's 50 day simple moving average is $78.69 and its two-hundred day simple moving average is $85.21. Visteon Co. has a one year low of $65.10 and a one year high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.70. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Visteon's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 EPS. Sell-side analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on VC. Royal Bank of Canada reduced their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Barclays reissued an "equal weight" rating and set a $82.00 target price (down from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Morgan Stanley dropped their price target on Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Finally, Guggenheim decreased their price objective on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $100.67.

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.