Short Interest in Visteon Co. (NASDAQ:VC) Declines By 17.5%

Visteon Co. (NASDAQ:VC) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 773,100 shares, a decrease of 17.5% from the July 31st total of 936,900 shares. Based on an average daily volume of 264,400 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.8% of the shares of the company are short sold.

Insider Activity at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total transaction of $431,166.07. Following the completion of the transaction, the senior vice president now owns 5,988 shares in the company, valued at approximately $669,039.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VC. Systematic Financial Management LP raised its holdings in Visteon by 5.9% in the second quarter. Systematic Financial Management LP now owns 232,238 shares of the company’s stock valued at $24,780,000 after acquiring an additional 13,000 shares in the last quarter. Creative Planning raised its holdings in Visteon by 10.4% in the second quarter. Creative Planning now owns 4,754 shares of the company’s stock valued at $507,000 after acquiring an additional 448 shares in the last quarter. Millennium Management LLC raised its holdings in 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 acquiring an additional 111,377 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Visteon by 0.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 322,450 shares of the company’s stock valued at $34,405,000 after acquiring an additional 1,148 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Visteon by 107.3% in the second quarter. AQR Capital Management LLC now owns 67,215 shares of the company’s stock valued at $7,136,000 after acquiring an additional 34,795 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Trading Up 0.2 %

Shares of VC stock opened at $101.23 on Friday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 0.49 and a beta of 1.46. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. Visteon has a fifty-two week low of $95.40 and a fifty-two week high of $144.40. The firm’s 50 day moving average price is $105.01 and its two-hundred day moving average price is $109.87.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Visteon had a net margin of 13.79% and a return on equity of 51.69%. Visteon’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 earnings per share. On average, analysts anticipate that Visteon will post 8.06 EPS for the current year.

Analyst Ratings Changes

VC has been the subject of several recent research reports. Baird R W downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. The Goldman Sachs Group dropped their target price on shares of Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Robert W. Baird restated a “neutral” rating and set a $120.00 target price (down from $137.00) on shares of Visteon in a report on Friday, July 12th. JPMorgan Chase & Co. dropped their target price on shares of Visteon from $144.00 to $135.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Finally, UBS Group dropped their target price on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.31.

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.