UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 9,065 Shares of Visteon Co. (NASDAQ:VC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 12.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 65,250 shares of the company's stock after selling 9,065 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.24% of Visteon worth $6,214,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC acquired a new position in Visteon in the first quarter valued at approximately $263,000. SG Americas Securities LLC grew 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Visteon by 18.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,461 shares of the company's stock valued at $689,000 after purchasing an additional 1,000 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Visteon by 11.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,406 shares of the company's stock worth $471,000 after purchasing an additional 450 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Visteon by 20.0% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 139,935 shares of the company's stock valued at $14,931,000 after buying an additional 23,280 shares during the period. Institutional investors own 99.71% of the company's stock.

Visteon Stock Down 0.4 %

Shares of VC traded down $0.42 on Wednesday, reaching $93.35. The stock had a trading volume of 386,328 shares, compared to its average volume of 278,428. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44. The company has a 50-day simple moving average of $92.03 and a 200-day simple moving average of $99.19. Visteon Co. has a 12-month low of $86.27 and a 12-month high of $131.70.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly 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. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. During the same quarter in the prior year, the business posted $2.35 EPS. The firm's quarterly revenue was down 3.4% compared to the same quarter last year. Sell-side analysts predict that Visteon Co. will post 8.2 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on VC. Wolfe Research started coverage on Visteon in a research report on Thursday, September 5th. They set a "peer perform" rating on the stock. Barclays cut their price objective on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, October 15th. StockNews.com downgraded shares of Visteon from a "buy" rating to a "hold" rating in a report on Sunday, November 3rd. Morgan Stanley decreased 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 note on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $124.00 price target on shares of Visteon in a research report on Tuesday, September 10th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Visteon currently has a consensus rating of "Moderate Buy" and an average price target of $127.57.

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.