Pacer Advisors Inc. Reduces Stake in Visteon Co. (NASDAQ:VC)

Pacer Advisors Inc. trimmed its holdings in shares of Visteon Co. (NASDAQ:VC) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,861 shares of the company’s stock after selling 395 shares during the quarter. Pacer Advisors Inc.’s holdings in Visteon were worth $964,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Visteon by 0.4% in the third quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after buying an additional 3,918 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Visteon by 6.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock worth $82,255,000 after purchasing an additional 55,465 shares in the last quarter. Geode Capital Management LLC grew its stake in Visteon by 1.2% in the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock worth $63,698,000 after purchasing an additional 7,743 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Visteon by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock worth $60,841,000 after purchasing an additional 88,288 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Visteon by 4.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 341,290 shares of the company’s stock worth $32,504,000 after purchasing an additional 15,951 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Trading Down 3.4 %

Shares of VC opened at $81.24 on Tuesday. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 4.41, a price-to-earnings-growth ratio of 0.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. Visteon Co. has a 1-year low of $75.75 and a 1-year high of $123.73. The firm has a 50 day simple moving average of $88.22 and a 200-day simple moving average of $93.43.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VC shares. Wells Fargo & Company reduced their target price on Visteon from $122.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada reduced their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Barclays reduced their price objective on Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, StockNews.com lowered Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and a consensus price target of $125.23.

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.