BNP Paribas Financial Markets Lowers Holdings in Visteon Co. (NASDAQ:VC)

BNP Paribas Financial Markets lowered its position in Visteon Co. (NASDAQ:VC - Free Report) by 41.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,635 shares of the company's stock after selling 19,363 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of Visteon worth $2,632,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company's stock worth $31,000 after acquiring an additional 119 shares during the period. Mather Group LLC. purchased a new stake in Visteon during the 2nd quarter worth about $59,000. Acadian Asset Management LLC bought a new position in Visteon in the 2nd quarter worth about $89,000. KBC Group NV grew its holdings in 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 buying an additional 247 shares in the last quarter. Finally, nVerses Capital LLC increased its position in shares of Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company's stock valued at $117,000 after buying an additional 200 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Trading Down 0.9 %

Shares of Visteon stock traded down $0.86 during midday trading on Friday, reaching $93.21. 304,116 shares of the company's stock traded hands, compared to its average volume of 248,479. The company has a market cap of $2.57 billion, a PE ratio of 5.06, a price-to-earnings-growth ratio of 0.46 and a beta of 1.44. The stock has a 50 day moving average of $92.08 and a 200-day moving average of $99.60. Visteon Co. has a 12 month low of $86.27 and a 12 month high of $131.70. 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 (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.37. The company had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. Visteon's revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.35 earnings per share. As a group, equities analysts expect that Visteon Co. will post 8.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. 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. The Goldman Sachs Group lowered their price target on Visteon from $130.00 to $117.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. Morgan Stanley cut their price objective on Visteon from $135.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, August 14th. Barclays lowered their target price on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. cut their price target on shares of Visteon from $132.00 to $122.00 and set a "neutral" rating for the company in a research note on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.57.

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.