Visteon Co. (NASDAQ:VC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in Visteon Co. (NASDAQ:VC) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,005 shares of the company’s stock after selling 7,439 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Visteon were worth $2,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VC. Covestor Ltd boosted its holdings in Visteon by 105.7% in the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after purchasing an additional 111 shares during the last quarter. Acadian Asset Management LLC bought a new position in Visteon during the 1st quarter worth approximately $38,000. Rockefeller Capital Management L.P. lifted its holdings in Visteon by 1,286.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 305 shares of the company’s stock worth $39,000 after buying an additional 283 shares during the last quarter. Lazard Asset Management LLC bought a new position in Visteon during the 1st quarter worth approximately $48,000. Finally, Itau Unibanco Holding S.A. bought a new position in Visteon during the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

VC has been the topic of a number of research analyst reports. Bank of America reduced their target price on Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. JPMorgan Chase & Co. reduced their target price on Visteon from $160.00 to $148.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Royal Bank of Canada reduced their target price on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Wells Fargo & Company increased their target price on Visteon from $101.00 to $106.00 and gave the stock an “underweight” rating in a report on Wednesday, February 21st. Finally, StockNews.com raised Visteon from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $143.00.

Visteon Stock Up 0.4 %

VC opened at $108.16 on Monday. Visteon Co. has a 12 month low of $105.76 and a 12 month high of $159.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42. The stock has a market cap of $2.97 billion, a P/E ratio of 6.30, a P/E/G ratio of 0.49 and a beta of 1.65. The stock’s 50 day moving average price is $114.50 and its 200 day moving average price is $119.02.

Visteon (NASDAQ:VC) last posted its earnings results on Tuesday, February 20th. The company reported $13.01 EPS for the quarter, beating the consensus estimate of $2.09 by $10.92. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The firm had revenue of $990.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $1.32 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. As a group, research analysts predict that Visteon Co. will post 8.69 earnings per share for the current year.

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.