Victory Capital Management Inc. Lowers Holdings in Visteon Co. (NASDAQ:VC)

Victory Capital Management Inc. cut its holdings in Visteon Co. (NASDAQ:VC) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,257,177 shares of the company’s stock after selling 222,534 shares during the period. Victory Capital Management Inc.’s holdings in Visteon were worth $111,537,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in VC. State of Alaska Department of Revenue raised its holdings in shares of Visteon by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock worth $306,000 after acquiring an additional 215 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Visteon by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock worth $26,131,000 after acquiring an additional 8,500 shares in the last quarter. Olympiad Research LP purchased a new stake in shares of Visteon during the 3rd quarter worth approximately $429,000. Summit Global Investments purchased a new stake in shares of Visteon during the 3rd quarter worth approximately $518,000. Finally, Covestor Ltd raised its holdings in shares of Visteon by 14.8% during the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after acquiring an additional 202 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Trading Up 4.4 %

Shares of NASDAQ VC opened at $86.55 on Thursday. Visteon Co. has a twelve month low of $75.75 and a twelve month 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. The business has a fifty day simple moving average of $85.34 and a two-hundred day simple moving average of $90.46. The firm has a market cap of $2.34 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39.

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

Wall Street Analyst Weigh In

VC has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday. Barclays dropped their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday. Royal Bank of Canada lowered their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Wells Fargo & Company upped their price target on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $119.92.

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.