Visteon Co. (NASDAQ:VC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Visteon Co. (NASDAQ:VC) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,250 shares of the company’s stock after selling 9,065 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of Visteon worth $6,214,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in shares of 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 acquiring an additional 137,264 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Visteon by 6.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock worth $82,255,000 after buying an additional 55,465 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Visteon by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock worth $71,552,000 after buying an additional 83,840 shares during the last quarter. Millennium Management LLC boosted 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 during the last quarter. Finally, American Century Companies Inc. boosted 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 worth $55,860,000 after buying an additional 489,959 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VC. StockNews.com downgraded Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $124.00 target price on shares of Visteon in a research report on Tuesday, September 10th. Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Wolfe Research initiated coverage on Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. cut their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.57.

Visteon Stock Performance

Shares of VC stock opened at $93.77 on Wednesday. Visteon Co. has a 1-year low of $86.27 and a 1-year high of $131.70. 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 company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 5.04, a P/E/G ratio of 0.44 and a beta of 1.44. The stock’s fifty day simple moving average is $92.03 and its 200-day simple moving average is $99.31.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. During the same quarter in the previous year, the company posted $2.35 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Visteon Co. will post 8.2 earnings per share for the current fiscal year.

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.