Stifel Financial Corp Sells 306 Shares of Visteon Co. (NASDAQ:VC)

Stifel Financial Corp lowered its holdings in shares of Visteon Co. (NASDAQ:VC) by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,445 shares of the company’s stock after selling 306 shares during the quarter. Stifel Financial Corp’s holdings in Visteon were worth $233,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in Visteon by 3.2% in the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock valued at $26,131,000 after purchasing an additional 8,500 shares in the last quarter. Mirabella Financial Services LLP increased its holdings in Visteon by 361.3% during the third quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company’s stock worth $1,628,000 after buying an additional 13,390 shares during the last quarter. Royce & Associates LP raised its position in Visteon by 28.2% during the third quarter. Royce & Associates LP now owns 202,214 shares of the company’s stock worth $19,259,000 after acquiring an additional 44,460 shares in the last quarter. Systematic Financial Management LP lifted its stake in Visteon by 11.8% in the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock valued at $24,728,000 after acquiring an additional 27,403 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of 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 acquiring an additional 489,959 shares during the period. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

VC opened at $89.33 on Monday. The firm has a market cap of $2.47 billion, a P/E ratio of 4.85, a PEG ratio of 0.44 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. Visteon Co. has a fifty-two week low of $84.01 and a fifty-two week high of $128.41. The firm has a 50-day moving average of $91.40 and a 200 day moving average of $97.43.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. During the same quarter last year, the company earned $2.35 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. On average, research analysts expect that Visteon Co. will post 8.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VC. JPMorgan Chase & Co. lowered their price target on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a report on Monday, October 21st. Wolfe Research initiated coverage on shares of Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $124.00 target price on shares of Visteon in a research report on Tuesday, September 10th. Royal Bank of Canada lowered their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Barclays cut their target price on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.15.

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.