Mutual of America Capital Management LLC Reduces Stake in Visteon Co. (NASDAQ:VC)

Mutual of America Capital Management LLC lessened its stake in shares of Visteon Co. (NASDAQ:VC) by 5.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,922 shares of the company’s stock after selling 880 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Visteon worth $1,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of VC. American Century Companies Inc. boosted its position in shares of Visteon by 1,459.9% during the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after acquiring an additional 489,959 shares during the last quarter. Victory Capital Management Inc. lifted its position in Visteon by 10.0% during the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock valued at $161,760,000 after purchasing an additional 137,264 shares during the last quarter. Millennium Management LLC grew its stake in Visteon by 24.4% in the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after buying an additional 111,377 shares in the last quarter. Lodge Hill Capital LLC bought a new position in shares of Visteon in the 2nd quarter worth $11,204,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Visteon by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock valued at $71,552,000 after buying an additional 83,840 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

VC opened at $95.86 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The stock has a market capitalization of $2.65 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The stock’s 50 day moving average price is $92.33 and its 200-day moving average price is $100.75. Visteon Co. has a 52-week low of $86.27 and a 52-week high of $131.70.

Visteon (NASDAQ:VC) last issued its quarterly earnings data 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 business had revenue of $980.00 million for 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%. The company’s quarterly 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 EPS. On average, equities research analysts predict that Visteon Co. will post 8.2 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VC shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 price objective on shares of Visteon in a report on Tuesday, September 10th. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Royal Bank of Canada reduced their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barclays decreased their target price on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group cut their price target on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $127.57.

Visteon Company 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.