Assenagon Asset Management S.A. lessened its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,162 shares of the company's stock after selling 28,118 shares during the period. Assenagon Asset Management S.A. owned about 1.37% of Visteon worth $40,243,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Visteon by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company's stock valued at $344,520,000 after acquiring an additional 48,457 shares during the period. Victory Capital Management Inc. lifted its stake in Visteon by 5.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,155,805 shares of the company's stock valued at $144,360,000 after buying an additional 60,507 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Visteon by 3.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 594,545 shares of the company's stock valued at $74,259,000 after acquiring an additional 20,649 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Visteon by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 571,760 shares of the company's stock valued at $71,416,000 after acquiring an additional 13,359 shares during the last quarter. Finally, FIFTHDELTA Ltd raised its holdings in Visteon by 13.6% in the 1st quarter. FIFTHDELTA Ltd now owns 546,617 shares of the company's stock valued at $64,288,000 after acquiring an additional 65,500 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
Insider Activity at Visteon
In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the sale, the senior vice president now owns 5,988 shares in the company, valued at $669,039.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by corporate insiders.
Visteon Price Performance
Shares of VC stock traded down $0.01 during trading hours on Friday, hitting $97.23. 174,243 shares of the company's stock were exchanged, compared to its average volume of 274,592. The stock's 50-day moving average is $106.14 and its 200-day moving average is $111.19. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 5.56, a price-to-earnings-growth ratio of 0.47 and a beta of 1.46. Visteon Co. has a 52 week low of $95.40 and a 52 week high of $144.40. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50.
Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, topping analysts' consensus estimates of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.18 earnings per share. Visteon's revenue was up 3.2% compared to the same quarter last year. As a group, research analysts forecast that Visteon Co. will post 8.06 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have commented on VC. Baird R W cut shares of Visteon from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 12th. Morgan Stanley dropped their price objective on Visteon from $135.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday. UBS Group decreased their target price on shares of Visteon from $144.00 to $135.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. The Goldman Sachs Group decreased their target price on shares of Visteon from $161.00 to $133.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. Finally, Robert W. Baird restated a "neutral" rating and issued a $120.00 price objective (down previously from $137.00) on shares of Visteon in a research report on Friday, July 12th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $131.62.
Read Our Latest Analysis on VC
About Visteon
(Free Report)
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.
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