M&T Bank Corp Trims Stock Position in Visteon Co. (NASDAQ:VC)

M&T Bank Corp trimmed its stake in shares of Visteon Co. (NASDAQ:VC) by 29.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,217 shares of the company’s stock after selling 930 shares during the period. M&T Bank Corp’s holdings in Visteon were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of VC. Barclays PLC grew its position in shares of Visteon by 60.0% during the 3rd quarter. Barclays PLC now owns 63,716 shares of the company’s stock valued at $6,068,000 after acquiring an additional 23,893 shares during the period. Y Intercept Hong Kong Ltd boosted its position in Visteon by 422.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 12,362 shares of the company’s stock worth $1,177,000 after purchasing an additional 9,995 shares in the last quarter. XTX Topco Ltd acquired a new stake in Visteon in the third quarter valued at approximately $230,000. State Street Corp increased its position in shares of Visteon by 0.4% in the third quarter. State Street Corp now owns 1,024,865 shares of the company’s stock valued at $97,608,000 after buying an additional 3,918 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in shares of Visteon by 11.8% during the 3rd quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock worth $24,728,000 after buying an additional 27,403 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Stock Performance

NASDAQ VC opened at $85.49 on Friday. The company has a market cap of $2.36 billion, a P/E ratio of 4.64, a P/E/G ratio of 0.44 and a beta of 1.44. Visteon Co. has a 1-year low of $84.08 and a 1-year high of $131.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The stock has a 50-day moving average of $91.82 and a two-hundred day moving average of $98.40.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business had revenue of $980.00 million for the quarter, compared to analysts’ expectations of $965.60 million. During the same period last year, the firm earned $2.35 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts anticipate that Visteon Co. will post 8.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Wolfe Research began coverage on shares of Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Wells Fargo & Company lowered their price objective on Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday. The Goldman Sachs Group reduced their target price on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price target on shares of Visteon in a research note on Tuesday, September 10th. Six 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.15.

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.