Visteon Co. (NASDAQ:VC) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC cut its holdings in shares of Visteon Co. (NASDAQ:VC) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,527 shares of the company’s stock after selling 7,044 shares during the quarter. Chartwell Investment Partners LLC owned about 0.30% of Visteon worth $7,765,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VC. Vanguard Group Inc. lifted its stake in Visteon by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company’s stock worth $344,520,000 after purchasing an additional 48,457 shares in the last quarter. Victory Capital Management Inc. lifted 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 buying an additional 137,264 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Visteon by 1.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 808,192 shares of the company’s stock valued at $86,234,000 after buying an additional 8,941 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Visteon by 14.3% in the 2nd 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 last quarter. Finally, Millennium Management LLC raised its holdings in shares of Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after acquiring an additional 111,377 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VC has been the subject of several recent analyst reports. 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. JPMorgan Chase & Co. reduced their price target on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research report on Monday, October 21st. StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Morgan Stanley lowered their price target on Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.57.

Visteon Trading Up 1.5 %

NASDAQ:VC opened at $93.49 on Tuesday. Visteon Co. has a 12-month low of $86.77 and a 12-month high of $131.70. The firm has a market cap of $2.58 billion, a PE ratio of 5.08, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. 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 stock has a fifty day moving average price of $92.94 and a 200 day moving average price of $102.35.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating 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 business had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same quarter last year, the business posted $2.35 EPS. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. Sell-side analysts anticipate that Visteon Co. will post 8.04 earnings per share for the current fiscal year.

About Visteon

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.