Visteon Co. (NASDAQ:VC) Stock Holdings Trimmed by Man Group plc

Man Group plc reduced its position in Visteon Co. (NASDAQ:VC) by 78.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,553 shares of the company’s stock after selling 16,396 shares during the quarter. Man Group plc’s holdings in Visteon were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Visteon by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company’s stock worth $32,526,000 after buying an additional 25,319 shares during the period. Sei Investments Co. lifted its position in Visteon by 93.2% in the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company’s stock worth $13,095,000 after purchasing an additional 71,202 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of 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 buying an additional 17,526 shares in the last quarter. Royce & Associates LP increased its holdings in shares of 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 buying an additional 79,294 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Visteon by 75.6% during the fourth quarter. Wells Fargo & Company MN now owns 17,786 shares of the company’s stock valued at $1,578,000 after buying an additional 7,656 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VC has been the topic of several research reports. Barclays reaffirmed an “equal weight” rating and issued a $82.00 target price (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. TD Cowen assumed coverage on Visteon in a report on Friday, March 7th. They set a “buy” rating and a $108.00 price target for the company. Guggenheim decreased their price objective on Visteon from $108.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada lowered their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Visteon from $90.00 to $97.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $96.25.

Visteon Price Performance

Shares of NASDAQ VC opened at $83.01 on Tuesday. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The company’s 50-day moving average is $78.39 and its 200 day moving average is $84.17. The stock has a market capitalization of $2.26 billion, a P/E ratio of 8.46, a P/E/G ratio of 0.42 and a beta of 1.23.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.70. The business had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.61 earnings per share. On average, sell-side analysts expect that Visteon Co. will post 8.42 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.