Guggenheim Capital LLC Decreases Stock Holdings in Visteon Co. (NASDAQ:VC)

Guggenheim Capital LLC trimmed its stake in shares of Visteon Co. (NASDAQ:VC) by 74.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,490 shares of the company’s stock after selling 7,138 shares during the period. Guggenheim Capital LLC’s holdings in Visteon were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after buying an additional 347 shares during the last quarter. Signaturefd LLC increased its stake in shares of Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after purchasing an additional 263 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Visteon by 884.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after purchasing an additional 1,061 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after purchasing an additional 754 shares during the period. Finally, KBC Group NV raised its position in shares of Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after purchasing an additional 450 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on VC. Royal Bank of Canada decreased their price objective on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Guggenheim decreased their price objective on shares of Visteon from $108.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. TD Cowen began coverage on shares of Visteon in a research report on Friday, March 7th. They set a “buy” rating and a $108.00 price objective on the stock. Barclays restated an “equal weight” rating and set a $82.00 price objective (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $74.00 target price (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Visteon has an average rating of “Hold” and an average price target of $100.67.

Visteon Stock Performance

Visteon stock opened at $80.22 on Tuesday. Visteon Co. has a 1-year low of $65.10 and a 1-year high of $117.94. The company’s 50-day moving average is $79.07 and its 200 day moving average is $85.28. The firm has a market capitalization of $2.17 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Research analysts forecast that Visteon Co. will post 8.42 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.