Los Angeles Capital Management LLC Has $444,000 Position in Visteon Co. (NASDAQ:VC)

Los Angeles Capital Management LLC lowered its holdings in shares of Visteon Co. (NASDAQ:VC) by 72.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,772 shares of the company’s stock after selling 9,708 shares during the period. Los Angeles Capital Management LLC’s holdings in Visteon were worth $444,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Visteon by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 2,880,882 shares of the company’s stock worth $359,822,000 after buying an additional 49,010 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 60,507 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 purchasing an additional 20,649 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 13,359 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Visteon by 18.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 421,152 shares of the company’s stock valued at $58,148,000 after purchasing an additional 66,089 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $106.20 on Wednesday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 6.07, a P/E/G ratio of 0.49 and a beta of 1.54. Visteon Co. has a 1-year low of $101.42 and a 1-year high of $159.87. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $110.20 and a two-hundred day moving average price of $115.20.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.14). The firm had revenue of $933.00 million for the quarter, compared to the consensus estimate of $971.45 million. Visteon had a return on equity of 53.49% and a net margin of 12.60%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. Equities analysts predict that Visteon Co. will post 8.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Guggenheim reduced their target price on shares of Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Robert W. Baird cut their price target on Visteon from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Wells Fargo & Company cut their price target on Visteon from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Bank of America cut their price target on Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $138.64.

Visteon Profile

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.