Visteon Co. (NASDAQ:VC) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC cut its stake in shares of Visteon Co. (NASDAQ:VC) by 36.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,717 shares of the company’s stock after selling 9,702 shares during the period. Gotham Asset Management LLC owned about 0.06% of Visteon worth $1,483,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake in Visteon by 225.3% during the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after purchasing an additional 347 shares during the last quarter. Signaturefd LLC boosted its stake in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after purchasing an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake 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 purchasing an additional 1,061 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after purchasing an additional 754 shares during the last quarter. Finally, KBC Group NV boosted its stake in Visteon by 49.9% during 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 last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Price Performance

Shares of NASDAQ VC opened at $86.85 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. Visteon Co. has a twelve month low of $65.10 and a twelve month high of $117.94. The stock has a 50 day moving average of $78.05 and a two-hundred day moving average of $84.61. The stock has a market cap of $2.37 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.42 and a beta of 1.23.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VC. Barclays reiterated an “equal weight” rating and set a $82.00 price target (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Royal Bank of Canada reduced their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price target on Visteon from $90.00 to $97.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Guggenheim reduced their price target on Visteon from $108.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company lifted their price target on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Visteon has a consensus rating of “Hold” and a consensus price target of $98.58.

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.