Visteon Co. (NASDAQ:VC) Shares Acquired by Holocene Advisors LP

Holocene Advisors LP lifted its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 25.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,880 shares of the company's stock after buying an additional 6,996 shares during the quarter. Holocene Advisors LP owned approximately 0.13% of Visteon worth $3,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in 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 Visteon by 6.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company's stock worth $82,255,000 after acquiring an additional 55,465 shares during the period. Dimensional Fund Advisors LP grew its holdings in Visteon by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock worth $71,552,000 after acquiring an additional 83,840 shares in the last quarter. Millennium Management LLC increased its position in Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company's stock valued at $60,663,000 after purchasing an additional 111,377 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company's stock valued at $55,860,000 after purchasing an additional 489,959 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on VC shares. Wolfe Research began coverage on shares of Visteon in a research note on Thursday, September 5th. They issued a "peer perform" rating for the company. Royal Bank of Canada reduced their price target on Visteon from $129.00 to $124.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Wells Fargo & Company raised Visteon from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Barclays reduced their target price on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group lowered their price target on shares of Visteon from $130.00 to $117.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $127.57.

Visteon Stock Performance

Visteon stock traded down $0.86 during trading hours on Friday, hitting $93.21. 304,116 shares of the stock traded hands, compared to its average volume of 276,176. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. Visteon Co. has a 1 year low of $86.27 and a 1 year high of $131.70. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 5.03, a P/E/G ratio of 0.45 and a beta of 1.44. The firm's 50 day moving average price is $92.16 and its 200-day moving average price is $99.74.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.37. The company had revenue of $980.00 million for 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 quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.35 EPS. As a group, equities analysts expect that Visteon Co. will post 8.2 EPS for the current fiscal year.

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.