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

Prudential Financial Inc. decreased its position in Visteon Co. (NASDAQ:VC - Free Report) by 26.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,757 shares of the company's stock after selling 22,628 shares during the period. Prudential Financial Inc. owned approximately 0.23% of Visteon worth $5,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after buying an additional 263 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in 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 purchasing an additional 754 shares in the last quarter. KBC Group NV grew its stake in shares of Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after purchasing an additional 450 shares during the period. Morse Asset Management Inc acquired a new stake in shares of Visteon during the 3rd quarter worth approximately $164,000. Finally, Entropy Technologies LP acquired a new position in shares of Visteon in the 4th quarter valued at $214,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on VC. Wells Fargo & Company raised their price target on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Barclays reduced their target price on Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. TD Cowen initiated coverage on shares of Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 price target for the company. Morgan Stanley decreased their price objective 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. Finally, Royal Bank of Canada cut their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $117.25.

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Visteon Trading Down 3.3 %

Shares of Visteon stock traded down $2.49 during trading hours on Friday, hitting $72.34. The company's stock had a trading volume of 513,914 shares, compared to its average volume of 298,241. The firm has a fifty day moving average of $83.16 and a 200-day moving average of $88.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 0.42 and a beta of 1.39. Visteon Co. has a twelve month low of $68.64 and a twelve month high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last posted its 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. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $939.00 million for the quarter, compared to analysts' expectations of $954.17 million. Research analysts forecast that Visteon Co. will post 8.42 EPS for the current 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.