Wellington Management Group LLP Sells 407,913 Shares of Visteon Co. (NASDAQ:VC)

Wellington Management Group LLP lowered its position in Visteon Co. (NASDAQ:VC - Free Report) by 19.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,680,827 shares of the company's stock after selling 407,913 shares during the quarter. Wellington Management Group LLP owned 6.21% of Visteon worth $149,123,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VC. Nordea Investment Management AB bought a new stake in shares of Visteon in the 4th quarter valued at approximately $7,730,000. Systematic Financial Management LP grew its position in Visteon by 11.8% in the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company's stock valued at $24,728,000 after acquiring an additional 27,403 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Visteon by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock worth $32,526,000 after acquiring an additional 25,319 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Visteon by 93.2% during the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company's stock valued at $13,095,000 after acquiring an additional 71,202 shares during the period. Finally, Value Holdings Management CO. LLC boosted its stake in shares of Visteon by 90.9% in the 4th quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company's stock valued at $2,795,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

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Analysts Set New Price Targets

VC has been the subject of a number of recent analyst reports. Morgan Stanley dropped their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Barclays cut their target price 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. TD Cowen initiated coverage on Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Wells Fargo & Company raised their price target on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada reduced their price objective on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $117.25.

Visteon Trading Down 2.1 %

VC stock traded down $1.49 during midday trading on Monday, reaching $70.85. The company's stock had a trading volume of 673,754 shares, compared to its average volume of 299,373. Visteon Co. has a 52 week low of $68.15 and a 52 week high of $117.94. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock has a market cap of $1.92 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. The business's 50-day simple moving average is $82.84 and its 200-day simple moving average is $87.79.

Visteon (NASDAQ:VC - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating the consensus estimate of $1.97 by $2.47. The firm had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. As a group, sell-side analysts expect that Visteon Co. will post 8.42 EPS for the current 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.