Jacobs Levy Equity Management Inc. Sells 8,007 Shares of Visteon Co. (NASDAQ:VC)

Jacobs Levy Equity Management Inc. lowered its stake in shares of Visteon Co. (NASDAQ:VC) by 9.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 77,817 shares of the company’s stock after selling 8,007 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Visteon were worth $9,152,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of Visteon by 98.6% in the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after buying an additional 142 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Visteon during the 1st quarter worth $48,000. CWM LLC lifted its stake in shares of Visteon by 53.6% during the 4th quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Visteon by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after purchasing an additional 178 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Visteon during the 4th quarter worth $59,000. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of NASDAQ VC traded up $3.76 during midday trading on Tuesday, hitting $114.88. The stock had a trading volume of 301,289 shares, compared to its average volume of 272,212. The company has a market capitalization of $3.17 billion, a PE ratio of 6.51, a P/E/G ratio of 0.55 and a beta of 1.46. The stock has a 50 day simple moving average of $108.17 and a 200-day simple moving average of $112.62. Visteon Co. has a 1 year low of $101.42 and a 1 year high of $159.06. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.58. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 earnings per share. On average, sell-side analysts expect that Visteon Co. will post 7.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. cut their price objective on Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Guggenheim dropped their target price on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Wells Fargo & Company increased their price target on Visteon from $107.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Citigroup lowered their price target on Visteon from $139.00 to $126.00 and set a “buy” rating on the stock 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.31.

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.