Allianz Asset Management GmbH Sells 19,191 Shares of Visteon Co. (NASDAQ:VC)

Allianz Asset Management GmbH lowered its stake in Visteon Co. (NASDAQ:VCFree Report) by 61.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,917 shares of the company’s stock after selling 19,191 shares during the period. Allianz Asset Management GmbH’s holdings in Visteon were worth $1,488,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in shares of Visteon by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock valued at $706,000 after purchasing an additional 94 shares in the last quarter. Covestor Ltd boosted its stake in shares of Visteon by 105.7% during the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after purchasing an additional 111 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Visteon by 1.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,574 shares of the company’s stock valued at $1,190,000 after purchasing an additional 140 shares in the last quarter. CWM LLC boosted its stake in shares of Visteon by 53.6% during the fourth quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Visteon by 98.6% during the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of NASDAQ:VC opened at $106.38 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. Visteon Co. has a twelve month low of $105.19 and a twelve month high of $159.87. The stock’s 50 day moving average is $111.78 and its 200-day moving average is $116.43. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.49 and a beta of 1.54.

Visteon (NASDAQ:VCGet Free Report) last issued its 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 firm 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 company earned $1.25 earnings per share. Visteon’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts forecast that Visteon Co. will post 8.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VC has been the topic of a number of recent research reports. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Bank of America cut their price objective on Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Royal Bank of Canada cut their price objective on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Robert W. Baird cut their price objective on Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, Guggenheim cut their price objective on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.73.

Check Out Our Latest Stock Report on VC

About Visteon

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Visteon (NASDAQ:VC)

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