Quantbot Technologies LP Lowers Stake in Visteon Co. (NASDAQ:VC)

Quantbot Technologies LP trimmed its holdings in Visteon Co. (NASDAQ:VC) by 64.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,891 shares of the company’s stock after selling 10,890 shares during the period. Quantbot Technologies LP’s holdings in Visteon were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Signaturefd LLC raised its stake in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after acquiring an additional 263 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after purchasing an additional 754 shares during the period. KBC Group NV raised its stake in shares of Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after purchasing an additional 450 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of Visteon during the third quarter worth $164,000. Finally, Entropy Technologies LP purchased a new position in Visteon in the 4th quarter valued at $214,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VC shares. Wells Fargo & Company raised their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Barclays lowered their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Morgan Stanley cut their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Royal Bank of Canada decreased their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, TD Cowen assumed coverage on Visteon in a research report on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visteon currently has a consensus rating of “Moderate Buy” and an average target price of $117.25.

Visteon Trading Down 5.4 %

NASDAQ:VC opened at $79.77 on Friday. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $119.16. 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 stock has a fifty day simple moving average of $84.20 and a 200-day simple moving average of $88.65. The company has a market capitalization of $2.16 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39.

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