Jacobs Levy Equity Management Inc. Decreases Stock Position in Visteon Co. (NASDAQ:VC)

Jacobs Levy Equity Management Inc. reduced its position in Visteon Co. (NASDAQ:VC) by 9.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,817 shares of the company’s stock after selling 8,007 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.28% of Visteon worth $9,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Visteon by 70.5% in the fourth quarter. Pacer Advisors Inc. now owns 8,210 shares of the company’s stock worth $1,025,000 after acquiring an additional 3,395 shares during the period. Advisors Preferred LLC bought a new position in shares of Visteon in the fourth quarter worth $2,207,000. Equitable Trust Co. boosted its holdings in shares of Visteon by 13.1% in the fourth quarter. Equitable Trust Co. now owns 3,185 shares of the company’s stock worth $398,000 after acquiring an additional 370 shares during the period. Moody Aldrich Partners LLC boosted its holdings in shares of Visteon by 27.5% in the fourth quarter. Moody Aldrich Partners LLC now owns 31,180 shares of the company’s stock worth $3,894,000 after acquiring an additional 6,725 shares during the period. Finally, Simplicity Solutions LLC bought a new position in shares of Visteon in the fourth quarter worth $323,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Trading Up 3.4 %

NASDAQ:VC traded up $3.76 during mid-day trading on Tuesday, reaching $114.88. 301,289 shares of the company’s stock traded hands, compared to its average volume of 272,212. Visteon Co. has a 12-month low of $101.42 and a 12-month high of $159.06. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.55 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50. The company has a 50 day moving average price of $108.17 and a 200-day moving average price of $112.62.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. Visteon’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 EPS. On average, sell-side analysts predict that Visteon Co. will post 7.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VC. The Goldman Sachs Group dropped their price objective on Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Baird R W downgraded Visteon from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Guggenheim lowered their price target on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company raised their price target on Visteon from $107.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $120.00 price objective (down previously from $137.00) on shares of Visteon in a report on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $134.31.

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.