113,180 Shares in Visteon Co. (NASDAQ:VC) Bought by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Visteon Co. (NASDAQ:VC - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 113,180 shares of the company's stock, valued at approximately $10,779,000. Hotchkis & Wiley Capital Management LLC owned about 0.41% of Visteon at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC raised its holdings in shares of Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company's stock worth $31,000 after purchasing an additional 119 shares during the period. Mather Group LLC. acquired a new stake in Visteon during the second quarter worth about $59,000. KBC Group NV lifted its holdings in Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company's stock worth $86,000 after acquiring an additional 247 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Visteon in the second quarter valued at approximately $89,000. Finally, nVerses Capital LLC grew its holdings 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 purchasing an additional 200 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Stock Down 1.8 %

Shares of VC traded down $1.70 during midday trading on Thursday, reaching $94.06. 263,693 shares of the stock were exchanged, compared to its average volume of 276,496. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 5.11, a P/E/G ratio of 0.45 and a beta of 1.44. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. Visteon Co. has a 12-month low of $86.27 and a 12-month high of $131.70. The firm has a 50 day simple moving average of $92.20 and a 200-day simple moving average of $99.78.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.37. The business 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 revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.35 EPS. Research analysts forecast that Visteon Co. will post 8.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VC shares. Wolfe Research assumed coverage on shares of Visteon in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. The Goldman Sachs Group decreased their price objective on Visteon from $130.00 to $117.00 and set a "buy" rating for the company in a report on Tuesday, October 1st. Wells Fargo & Company upgraded Visteon from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $115.00 to $122.00 in a research report on Friday, September 20th. JPMorgan Chase & Co. decreased their price target on Visteon from $132.00 to $122.00 and set a "neutral" rating for the company in a research note on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $124.00 price objective on shares of Visteon in a report on Tuesday, September 10th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Visteon presently has an average rating of "Moderate Buy" and a consensus target price of $127.57.

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.