PNC Financial Services Group Inc. Reduces Stake in Visteon Co. (NASDAQ:VC)

PNC Financial Services Group Inc. lessened its stake in shares of Visteon Co. (NASDAQ:VC) by 48.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,631 shares of the company’s stock after selling 2,480 shares during the period. PNC Financial Services Group Inc.’s holdings in Visteon were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of VC. Parallel Advisors LLC grew its position in Visteon by 98.6% in the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after acquiring an additional 142 shares during the period. CWM LLC increased its position 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 position in Visteon by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after buying an additional 178 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in Visteon during the fourth quarter worth about $59,000. Finally, TFO Wealth Partners LLC increased its position in shares of Visteon by 52,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 525 shares of the company’s stock valued at $66,000 after acquiring an additional 524 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Up 1.1 %

Shares of NASDAQ:VC opened at $106.70 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. Visteon Co. has a fifty-two week low of $101.42 and a fifty-two week high of $159.87. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 6.10, a price-to-earnings-growth ratio of 0.49 and a beta of 1.54. The firm’s 50 day moving average price is $110.11 and its 200 day moving average price is $114.88.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) 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 analysts’ expectations of $971.45 million. Visteon had a return on equity of 53.49% and a net margin of 12.60%. Visteon’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $1.25 earnings per share. As a group, equities research analysts predict that Visteon Co. will post 8.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VC has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Royal Bank of Canada lowered their price target on Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Wells Fargo & Company cut their price objective on Visteon from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Finally, Robert W. Baird cut their price target on shares of Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Visteon presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.64.

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.