AlphaQuest LLC Sells 18,626 Shares of Visteon Co. (NASDAQ:VC)

AlphaQuest LLC cut its stake in shares of Visteon Co. (NASDAQ:VC) by 98.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361 shares of the company’s stock after selling 18,626 shares during the quarter. AlphaQuest LLC’s holdings in Visteon were worth $32,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp raised its holdings in Visteon by 0.4% during 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 last quarter. Massachusetts Financial Services Co. MA raised its holdings in Visteon by 6.9% during the third 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. Geode Capital Management LLC raised its holdings in Visteon by 1.2% during the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock worth $63,698,000 after buying an additional 7,743 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Visteon by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company’s stock worth $56,857,000 after buying an additional 12,900 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Visteon by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock worth $60,841,000 after buying an additional 88,288 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Royal Bank of Canada lowered their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. TD Cowen assumed coverage on shares of Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price for the company. Barclays lowered their target price on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, Morgan Stanley lowered their target price on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.25.

Visteon Price Performance

Shares of NASDAQ:VC opened at $80.28 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.17 billion, a PE ratio of 8.18, a P/E/G ratio of 0.42 and a beta of 1.39. Visteon Co. has a twelve month low of $75.75 and a twelve month high of $119.16. The company has a 50-day moving average price of $84.38 and a two-hundred day moving average price of $89.12.

Visteon (NASDAQ:VC) last issued its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Equities analysts forecast that Visteon Co. will post 8.42 EPS for the current 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.