Bridgewater Associates LP Cuts Stake in Visteon Co. (NASDAQ:VC)

Bridgewater Associates LP decreased its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 58.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,106 shares of the company's stock after selling 15,736 shares during the period. Bridgewater Associates LP's holdings in Visteon were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB bought a new stake in shares of Visteon during the 4th quarter valued at approximately $7,730,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Visteon by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock worth $32,526,000 after buying an additional 25,319 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Visteon by 93.2% in the 4th quarter. Sei Investments Co. now owns 147,603 shares of the company's stock valued at $13,095,000 after acquiring an additional 71,202 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Visteon by 2.7% during the 4th quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock valued at $58,231,000 after acquiring an additional 17,526 shares in the last quarter. Finally, Value Holdings Management CO. LLC grew its position in Visteon by 90.9% during the 4th quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company's stock worth $2,795,000 after acquiring an additional 15,000 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VC. TD Cowen began coverage on Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Morgan Stanley reduced their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Robert W. Baird dropped their price target on shares of Visteon from $100.00 to $76.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. UBS Group reissued a "neutral" rating and issued a $76.00 price objective (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, Royal Bank of Canada lowered their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $99.83.

Visteon Stock Up 1.5 %

Visteon stock traded up $1.13 during mid-day trading on Wednesday, reaching $74.76. The stock had a trading volume of 250,109 shares, compared to its average volume of 306,356. The firm has a market capitalization of $2.02 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. Visteon Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The stock's 50-day simple moving average is $79.70 and its 200-day simple moving average is $85.71. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $2.47. The business 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%. On average, sell-side analysts forecast that Visteon Co. will post 8.42 EPS for the current fiscal 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.