Centaurus Financial Inc. Reduces Stock Holdings in Visteon Co. (NASDAQ:VC)

Centaurus Financial Inc. lowered its holdings in Visteon Co. (NASDAQ:VC) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,214 shares of the company’s stock after selling 332 shares during the quarter. Centaurus Financial Inc.’s holdings in Visteon were worth $983,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Visteon by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company’s stock valued at $344,520,000 after acquiring an additional 48,457 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Visteon by 10.0% during the 2nd 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Visteon by 1.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 808,192 shares of the company’s stock valued at $86,234,000 after purchasing an additional 8,941 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Visteon by 14.3% during the second 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 in the last quarter. Finally, Millennium Management LLC grew its position in Visteon by 24.4% during the second quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock valued at $60,663,000 after buying an additional 111,377 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VC. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price target on shares of Visteon in a report on Tuesday, September 10th. JPMorgan Chase & Co. decreased their target price on Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Citigroup cut their price target on shares of Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 12th. Royal Bank of Canada reduced their price objective on shares of Visteon from $144.00 to $129.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Finally, Baird R W lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.21.

Insider Buying and Selling at Visteon

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the transaction, the senior vice president now owns 5,988 shares in the company, valued at approximately $669,039.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Visteon Stock Performance

NASDAQ VC opened at $92.31 on Friday. The stock has a fifty day simple moving average of $98.51 and a 200-day simple moving average of $106.36. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.55 billion, a PE ratio of 5.27, a P/E/G ratio of 0.45 and a beta of 1.45. Visteon Co. has a twelve month low of $88.37 and a twelve month high of $136.80.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. Equities analysts anticipate that Visteon Co. will post 8.06 earnings per share for the current year.

About Visteon

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.