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

AlphaQuest LLC reduced its position in Visteon Co. (NASDAQ:VC - Free Report) by 98.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV grew its holdings in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company's stock valued at $86,000 after purchasing an additional 247 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Visteon by 52.0% during the third quarter. Advisors Asset Management Inc. now owns 5,638 shares of the company's stock worth $537,000 after purchasing an additional 1,929 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Visteon by 24.2% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 173,771 shares of the company's stock worth $16,550,000 after acquiring an additional 33,836 shares during the last quarter. Intech Investment Management LLC increased its holdings in Visteon by 205.9% in the third quarter. Intech Investment Management LLC now owns 12,853 shares of the company's stock valued at $1,224,000 after purchasing an additional 8,651 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Visteon by 6.9% during the 3rd 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 during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

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Visteon Stock Performance

Shares of NASDAQ VC traded up $0.60 during midday trading on Tuesday, reaching $82.05. The company's stock had a trading volume of 253,134 shares, compared to its average volume of 286,234. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The stock has a market capitalization of $2.22 billion, a P/E ratio of 8.36, a PEG ratio of 0.42 and a beta of 1.39. The firm has a 50 day moving average price of $84.34 and a 200-day moving average price of $88.85. Visteon Co. has a 12-month low of $75.75 and a 12-month high of $119.16.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business had revenue of $939.00 million for the quarter, compared to analysts' expectations of $954.17 million. As a group, equities analysts predict that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.