The Manufacturers Life Insurance Company Sells 840 Shares of Visteon Co. (NASDAQ:VC)

The Manufacturers Life Insurance Company lowered its stake in Visteon Co. (NASDAQ:VC) by 2.7% in the fourth quarter, Holdings Channel reports. The fund owned 30,740 shares of the company’s stock after selling 840 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Visteon were worth $2,727,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VC shares. The Goldman Sachs Group restated a “neutral” rating and set a $74.00 price target (down from $103.00) on shares of Visteon in a report on Thursday, April 10th. Royal Bank of Canada dropped their price objective on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. UBS Group reaffirmed a “neutral” rating and set a $76.00 price target (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Robert W. Baird increased their price target on Visteon from $76.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Finally, Guggenheim lowered their target price on Visteon from $108.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.58.

Visteon Price Performance

Shares of NASDAQ VC opened at $84.61 on Friday. The company has a market capitalization of $2.31 billion, a PE ratio of 8.62, a PEG ratio of 0.42 and a beta of 1.23. 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’s 50 day moving average price is $77.95 and its 200-day moving average price is $84.79. Visteon Co. has a twelve month low of $65.10 and a twelve month high of $117.94.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $1.61 EPS. On average, equities analysts anticipate 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.