Victory Capital Management Inc. Sells 222,534 Shares of Visteon Co. (NASDAQ:VC)

Victory Capital Management Inc. trimmed its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,257,177 shares of the company's stock after selling 222,534 shares during the period. Victory Capital Management Inc. owned 4.55% of Visteon worth $111,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Visteon by 0.4% in the third quarter. State Street Corp now owns 1,024,865 shares of the company's stock valued at $97,608,000 after purchasing an additional 3,918 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Visteon by 6.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company's stock valued at $82,255,000 after purchasing an additional 55,465 shares during the period. Geode Capital Management LLC increased its stake in shares of Visteon by 1.2% in the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company's stock valued at $63,698,000 after purchasing an additional 7,743 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Visteon by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company's stock valued at $56,857,000 after purchasing an additional 12,900 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Visteon by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company's stock valued at $60,841,000 after purchasing an additional 88,288 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

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Visteon Price Performance

Shares of VC stock traded up $0.33 during trading hours on Friday, reaching $87.68. 327,678 shares of the company were exchanged, compared to its average volume of 328,165. Visteon Co. has a fifty-two week low of $75.75 and a fifty-two week high of $121.45. The stock's fifty day moving average is $85.30 and its two-hundred day moving average is $90.32. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 0.42 and a beta of 1.39. 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 earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $954.17 million. Sell-side analysts forecast that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VC has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Barclays decreased their price objective on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Morgan Stanley decreased their price objective on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Royal Bank of Canada decreased their price objective 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. Finally, TD Cowen started coverage on shares of Visteon in a research note on Friday. They issued a "buy" rating and a $108.00 price objective for the company. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Visteon presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.25.

About Visteon

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.