Private Capital Management LLC Has $11.32 Million Stake in Visteon Co. (NASDAQ:VC)

Private Capital Management LLC trimmed its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 6.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,839 shares of the company's stock after selling 8,702 shares during the quarter. Visteon comprises 2.3% of Private Capital Management LLC's portfolio, making the stock its 25th largest holding. Private Capital Management LLC owned about 0.43% of Visteon worth $11,318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC raised its holdings in Visteon by 46.7% during the third quarter. Signaturefd LLC now owns 421 shares of the company's stock worth $40,000 after purchasing an additional 134 shares in the last quarter. KBC Group NV increased its position in shares of 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 purchasing an additional 247 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after buying an additional 754 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Visteon by 14.8% in the third quarter. Covestor Ltd now owns 1,567 shares of the company's stock valued at $149,000 after buying an additional 202 shares during the period. Finally, Morse Asset Management Inc bought a new position in Visteon during the third quarter valued at about $164,000. Institutional investors own 99.71% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on VC. Royal Bank of Canada decreased their price target on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Barclays decreased their target price on Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Monday. Morgan Stanley reduced their target price on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Wells Fargo & Company lifted their price target on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $119.92.

Visteon Stock Down 1.4 %

Visteon stock traded down $1.19 during trading hours on Tuesday, hitting $82.94. The company had a trading volume of 476,972 shares, compared to its average volume of 323,992. The firm's fifty day moving average is $85.46 and its 200-day moving average is $90.58. The firm has a market capitalization of $2.25 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44. Visteon Co. has a fifty-two week low of $75.75 and a fifty-two week high of $121.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

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