Visteon Co. (NASDAQ:VC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in shares of Visteon Co. (NASDAQ:VC) by 37.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,411 shares of the company’s stock after selling 10,224 shares during the period. BNP Paribas Financial Markets owned approximately 0.06% of Visteon worth $1,545,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its holdings in Visteon by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company’s stock valued at $32,526,000 after purchasing an additional 25,319 shares during the last quarter. Sei Investments Co. grew its holdings in Visteon by 93.2% in the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company’s stock valued at $13,095,000 after purchasing an additional 71,202 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Visteon by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company’s stock valued at $58,231,000 after purchasing an additional 17,526 shares during the last quarter. Royce & Associates LP grew its holdings in Visteon by 39.2% in the fourth quarter. Royce & Associates LP now owns 281,508 shares of the company’s stock valued at $24,975,000 after purchasing an additional 79,294 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Visteon by 75.6% in the fourth quarter. Wells Fargo & Company MN now owns 17,786 shares of the company’s stock valued at $1,578,000 after purchasing an additional 7,656 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Royal Bank of Canada reduced their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley reduced their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. UBS Group restated a “neutral” rating and issued a $76.00 price objective (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Finally, Wells Fargo & Company upped their price objective on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Visteon presently has a consensus rating of “Hold” and a consensus target price of $98.58.

Visteon Stock Performance

NASDAQ VC opened at $86.85 on Monday. The business’s 50-day moving average price is $78.05 and its 200 day moving average price is $84.50. Visteon Co. has a twelve month low of $65.10 and a twelve month high of $117.94. The company has a market capitalization of $2.37 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.70. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. During the same period in the prior year, the business posted $1.61 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts predict that Visteon Co. will post 8.42 earnings per share for the current year.

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.