Visteon Co. (NASDAQ:VC) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC lowered its position in Visteon Co. (NASDAQ:VC) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,527 shares of the company’s stock after selling 7,044 shares during the period. Chartwell Investment Partners LLC’s holdings in Visteon were worth $7,765,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in VC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Visteon by 20.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 116,655 shares of the company’s stock valued at $13,720,000 after purchasing an additional 19,826 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Visteon by 35.6% during the 1st quarter. Clearbridge Investments LLC now owns 117,490 shares of the company’s stock valued at $13,818,000 after acquiring an additional 30,818 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Visteon during the 1st quarter worth approximately $583,000. Quantbot Technologies LP grew its holdings in shares of Visteon by 2,157.2% in the 1st quarter. Quantbot Technologies LP now owns 7,178 shares of the company’s stock worth $844,000 after acquiring an additional 6,860 shares during the period. Finally, American Century Companies Inc. increased its stake in Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after purchasing an additional 489,959 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wolfe Research started coverage on Visteon in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Barclays dropped their target price on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Wells Fargo & Company raised shares of Visteon from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $115.00 to $122.00 in a report on Friday, September 20th. TD Cowen dropped their price objective on shares of Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, Royal Bank of Canada reduced their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Visteon has an average rating of “Moderate Buy” and an average price target of $127.57.

Visteon Stock Up 1.5 %

Shares of NASDAQ:VC opened at $93.49 on Tuesday. Visteon Co. has a 12-month low of $86.77 and a 12-month high of $131.70. The stock’s 50-day moving average price is $92.94 and its two-hundred day moving average price is $102.35. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 5.08, a PEG ratio of 0.45 and a beta of 1.45.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. The firm had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. Visteon’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.35 earnings per share. On average, research analysts forecast that Visteon Co. will post 8.04 EPS for the current 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.