Visteon Co. (NASDAQ:VC) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 267,966 shares of the company's stock after selling 6,399 shares during the quarter. Principal Financial Group Inc. owned approximately 0.97% of Visteon worth $23,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VC. Signaturefd LLC lifted its position in Visteon by 46.7% in the third quarter. Signaturefd LLC now owns 421 shares of the company's stock worth $40,000 after buying an additional 134 shares during the last quarter. KBC Group NV grew its stake in Visteon by 37.7% in the third 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. Nisa Investment Advisors LLC boosted its holdings in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after acquiring an additional 754 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company's stock worth $149,000 after purchasing an additional 202 shares during the period. Finally, Morse Asset Management Inc acquired a new stake in shares of Visteon during the third quarter worth about $164,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

VC has been the topic of a number of recent research reports. Royal Bank of Canada lowered their price objective on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. StockNews.com downgraded Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. Wells Fargo & Company boosted their price target on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, Barclays lowered their price target on Visteon from $140.00 to $115.00 and set an "overweight" rating for the company in a research report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.77.

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Visteon Trading Down 1.8 %

Shares of VC stock traded down $1.63 during trading hours on Thursday, hitting $86.57. 236,859 shares of the company's stock traded hands, compared to its average volume of 322,738. Visteon Co. has a 12 month low of $75.75 and a 12 month high of $121.45. The stock's 50 day simple moving average is $85.47 and its 200 day simple moving average is $90.87. The stock has a market cap of $2.34 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business had revenue of $939.00 million during the quarter, compared to analysts' expectations of $954.17 million. On average, sell-side analysts anticipate that Visteon Co. will post 8.42 EPS for the current 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.