Visteon Co. (NASDAQ:VC) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its stake in Visteon Co. (NASDAQ:VC) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,730 shares of the company’s stock after selling 1,004 shares during the period. Mackenzie Financial Corp’s holdings in Visteon were worth $216,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VC. Exchange Traded Concepts LLC boosted its position in shares of Visteon by 20.0% in the third quarter. Exchange Traded Concepts LLC now owns 1,825 shares of the company’s stock worth $252,000 after acquiring an additional 304 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Visteon by 6.7% in the third quarter. Commonwealth Equity Services LLC now owns 4,381 shares of the company’s stock valued at $605,000 after buying an additional 277 shares during the period. Redwood Investments LLC raised its holdings in Visteon by 15.1% in the third quarter. Redwood Investments LLC now owns 96,050 shares of the company’s stock valued at $13,262,000 after buying an additional 12,606 shares during the period. Bank of New York Mellon Corp raised its holdings in Visteon by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 596,328 shares of the company’s stock valued at $82,335,000 after buying an additional 19,296 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Visteon by 17.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,705 shares of the company’s stock valued at $788,000 after buying an additional 837 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Bank of America cut their price target on shares of Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. UBS Group upgraded shares of Visteon from a “neutral” rating to a “buy” rating and raised their price target for the company from $143.00 to $145.00 in a report on Wednesday, January 17th. Guggenheim dropped their price objective on shares of Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. dropped their price objective on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Finally, Robert W. Baird dropped their price objective on shares of Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $142.36.

Visteon Stock Up 2.3 %

VC stock opened at $112.19 on Monday. Visteon Co. has a twelve month low of $105.19 and a twelve month high of $159.87. The company has a current ratio of 1.74, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $3.08 billion, a P/E ratio of 6.41, a PEG ratio of 0.51 and a beta of 1.65. The firm has a 50 day simple moving average of $113.58 and a 200-day simple moving average of $118.24.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). Visteon had a return on equity of 53.49% and a net margin of 12.60%. The company had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. During the same period in the previous year, the business posted $1.25 EPS. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts predict that Visteon Co. will post 8.68 earnings per share for the current fiscal 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.