Systematic Financial Management LP Purchases 27,403 Shares of Visteon Co. (NASDAQ:VC)

Systematic Financial Management LP grew its stake in shares of Visteon Co. (NASDAQ:VC - Free Report) by 11.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,641 shares of the company's stock after acquiring an additional 27,403 shares during the period. Systematic Financial Management LP owned 0.94% of Visteon worth $24,728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Tidal Investments LLC boosted its holdings in Visteon by 29.4% in the first quarter. Tidal Investments LLC now owns 6,232 shares of the company's stock worth $733,000 after purchasing an additional 1,415 shares in the last quarter. Cetera Advisors LLC bought a new stake in Visteon in the first quarter worth $263,000. Mather Group LLC. bought a new stake in Visteon in the second quarter worth $59,000. SG Americas Securities LLC boosted its holdings in Visteon by 174.5% in the second quarter. SG Americas Securities LLC now owns 4,090 shares of the company's stock worth $436,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Visteon by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,461 shares of the company's stock worth $689,000 after purchasing an additional 1,000 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Trading Down 1.8 %

VC traded down $1.70 during mid-day trading on Thursday, hitting $94.06. The stock had a trading volume of 259,069 shares, compared to its average volume of 276,222. The stock's fifty day simple moving average is $92.20 and its 200-day simple moving average is $99.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 0.45 and a beta of 1.44. Visteon Co. has a 1-year low of $86.27 and a 1-year high of $131.70.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.37. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $2.35 earnings per share. As a group, research analysts forecast that Visteon Co. will post 8.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Visteon from $132.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. Barclays cut their price objective on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, October 15th. Morgan Stanley cut their price objective on shares of Visteon from $135.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 14th. Wells Fargo & Company raised shares of Visteon from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Finally, Royal Bank of Canada cut their price objective on shares of Visteon from $129.00 to $124.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Visteon currently has a consensus rating of "Moderate Buy" and an average 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.