Jacobs Levy Equity Management Inc. Reduces Holdings in Visteon Co. (NASDAQ:VC)

Jacobs Levy Equity Management Inc. cut its stake in Visteon Co. (NASDAQ:VC - Free Report) by 48.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,500 shares of the company's stock after selling 26,462 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.10% of Visteon worth $2,714,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Signaturefd LLC lifted its holdings in Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company's stock valued at $31,000 after acquiring an additional 119 shares during the last quarter. Mather Group LLC. purchased a new stake in Visteon in the second quarter valued at $59,000. KBC Group NV lifted its stake in shares of Visteon by 37.7% in 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 last quarter. Acadian Asset Management LLC purchased a new position in shares of Visteon during the 2nd quarter worth $89,000. Finally, nVerses Capital LLC increased its position in shares of Visteon by 22.2% during the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company's stock worth $117,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VC. Wolfe Research started coverage on shares of Visteon in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. The Goldman Sachs Group lowered their price objective on shares of Visteon from $130.00 to $117.00 and set a "buy" rating for the company in a research report on Tuesday, October 1st. Royal Bank of Canada cut their target price on Visteon from $129.00 to $124.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Barclays decreased their price target on Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Finally, StockNews.com downgraded Visteon from a "buy" rating to a "hold" rating in a report on Sunday, November 3rd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.57.

Visteon Stock Down 0.9 %

NASDAQ:VC traded down $0.86 during mid-day trading on Friday, hitting $93.21. The stock had a trading volume of 304,116 shares, compared to its average volume of 251,406. Visteon Co. has a twelve month low of $86.27 and a twelve month high of $131.70. The stock has a 50-day simple moving average of $92.08 and a two-hundred day simple moving average of $99.51. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.57 billion, a PE ratio of 5.06, a PEG ratio of 0.44 and a beta of 1.44.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.37. The business 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 company's revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $2.35 EPS. On average, equities research analysts anticipate that Visteon Co. will post 8.2 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.