Quantbot Technologies LP Reduces Stock Position in Visteon Co. (NASDAQ:VC)

Quantbot Technologies LP trimmed its position in Visteon Co. (NASDAQ:VC) by 64.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in shares of Visteon by 52.0% during the third quarter. Advisors Asset Management Inc. now owns 5,638 shares of the company’s stock worth $537,000 after purchasing an additional 1,929 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Visteon by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 341,290 shares of the company’s stock worth $32,504,000 after buying an additional 15,951 shares during the period. FMR LLC boosted its stake in Visteon by 89.3% in the 3rd quarter. FMR LLC now owns 3,354 shares of the company’s stock worth $319,000 after buying an additional 1,582 shares during the last quarter. Bridgewater Associates LP grew its holdings in Visteon by 157.5% in the 3rd quarter. Bridgewater Associates LP now owns 26,842 shares of the company’s stock valued at $2,556,000 after buying an additional 16,419 shares during the period. Finally, Point72 Hong Kong Ltd increased its stake in shares of Visteon by 302.8% during the 3rd quarter. Point72 Hong Kong Ltd now owns 26,499 shares of the company’s stock valued at $2,524,000 after acquiring an additional 19,921 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on VC shares. TD Cowen started coverage on shares of Visteon in a research report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price on the stock. Barclays lowered 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, March 3rd. Royal Bank of Canada dropped 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. Wells Fargo & Company lifted their target price on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley dropped their price target 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. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.25.

Visteon Price Performance

Shares of NASDAQ VC opened at $79.77 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. Visteon Co. has a 1-year low of $75.75 and a 1-year high of $119.16. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.42 and a beta of 1.39. The business has a 50-day moving average of $84.20 and a 200-day moving average of $88.65.

Visteon (NASDAQ:VC) last released its quarterly earnings results 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. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. On average, equities analysts anticipate that Visteon Co. will post 8.42 EPS 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.