Visteon Co. (NASDAQ:VC) Position Reduced by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in Visteon Co. (NASDAQ:VC) by 2.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,479,711 shares of the company’s stock after selling 36,313 shares during the period. Victory Capital Management Inc. owned about 0.05% of Visteon worth $140,928,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Signaturefd LLC increased its holdings in shares of Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after acquiring an additional 119 shares during the period. Mather Group LLC. acquired a new position in Visteon during the 2nd quarter valued at about $59,000. Acadian Asset Management LLC acquired a new position in Visteon during the 2nd quarter valued at about $89,000. Motco acquired a new position in Visteon during the 1st quarter valued at about $106,000. Finally, nVerses Capital LLC increased its stake in Visteon by 22.2% during the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after buying an additional 200 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. The Goldman Sachs Group lowered their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Barclays reduced their price objective on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Wells Fargo & Company upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Wolfe Research assumed coverage on shares of Visteon in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Royal Bank of Canada reduced their price objective on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Visteon has an average rating of “Moderate Buy” and a consensus price target of $127.57.

Visteon Stock Performance

VC stock opened at $94.14 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The stock has a market cap of $2.60 billion, a P/E ratio of 5.11, a P/E/G ratio of 0.45 and a beta of 1.45. The firm has a 50 day simple moving average of $92.83 and a 200 day simple moving average of $102.22. Visteon Co. has a 52 week low of $86.77 and a 52 week high of $131.70.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.89 by $0.37. The business had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.35 earnings per share. Research analysts anticipate that Visteon Co. will post 8.04 earnings per share for the current fiscal year.

Visteon Company 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.