Victory Capital Management Inc. Cuts Position in Visteon Co. (NASDAQ:VC)

Victory Capital Management Inc. trimmed its holdings in shares of Visteon Co. (NASDAQ:VC) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,257,177 shares of the company’s stock after selling 222,534 shares during the period. Victory Capital Management Inc. owned approximately 4.55% of Visteon worth $111,537,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. KBC Group NV increased its holdings in shares of Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after acquiring an additional 247 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after acquiring an additional 754 shares in the last quarter. Covestor Ltd increased its holdings in shares of Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after acquiring an additional 202 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of Visteon during the third quarter valued at $164,000. Finally, Entropy Technologies LP bought a new position in shares of Visteon during the fourth quarter valued at $214,000. 99.71% of the stock is owned by institutional investors.

Visteon Trading Up 4.4 %

Visteon stock opened at $86.55 on Thursday. The business has a 50-day simple moving average of $85.34 and a two-hundred day simple moving average of $90.46. The company has a market cap of $2.34 billion, a P/E ratio of 8.82, a P/E/G ratio of 0.42 and a beta of 1.39. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $121.45. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. Analysts predict that Visteon Co. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

VC has been the subject of several analyst reports. Wells Fargo & Company raised their price target on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Royal Bank of Canada reduced their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a 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 for the company in a report on Monday. Finally, Barclays reduced their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $119.92.

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.