Visteon Co. (NASDAQ:VC) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in Visteon Co. (NASDAQ:VC - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,088,740 shares of the company's stock after selling 37,226 shares during the period. Wellington Management Group LLP owned about 7.56% of Visteon worth $198,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in Visteon by 10.0% during the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock worth $161,760,000 after acquiring an additional 137,264 shares during the period. State Street Corp raised its position in Visteon by 0.4% during the third quarter. State Street Corp now owns 1,024,865 shares of the company's stock worth $97,608,000 after acquiring an additional 3,918 shares during the period. Massachusetts Financial Services Co. MA raised its position in Visteon by 6.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company's stock worth $82,255,000 after acquiring an additional 55,465 shares during the period. Dimensional Fund Advisors LP raised its position in Visteon by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock worth $71,552,000 after acquiring an additional 83,840 shares during the period. Finally, Millennium Management LLC raised its position in shares of Visteon by 24.4% in the second quarter. Millennium Management LLC now owns 568,536 shares of the company's stock valued at $60,663,000 after buying an additional 111,377 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VC. Wolfe Research began coverage on shares of Visteon in a research report on Thursday, September 5th. They issued a "peer perform" rating for the company. Morgan Stanley reduced their target price 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. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $124.00 target price on shares of Visteon in a research report on Tuesday, September 10th. StockNews.com cut shares of Visteon from a "buy" rating to a "hold" rating in a research report on Sunday, November 3rd. Finally, Royal Bank of Canada reduced their target price 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $127.57.

Visteon Trading Down 0.3 %

VC stock traded down $0.33 during mid-day trading on Monday, hitting $92.88. 421,783 shares of the company were exchanged, compared to its average volume of 277,226. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.57 billion, a P/E ratio of 5.06, a PEG ratio of 0.44 and a beta of 1.44. The business has a fifty day simple moving average of $92.08 and a 200-day simple moving average of $99.42. 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 announced 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 during 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%. Visteon's revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.35 earnings per share. On average, equities research analysts predict that Visteon Co. will post 8.2 earnings per share for the current fiscal year.

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.