Private Capital Management LLC Sells 8,702 Shares of Visteon Co. (NASDAQ:VC)

Private Capital Management LLC lowered its holdings in Visteon Co. (NASDAQ:VC) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,839 shares of the company’s stock after selling 8,702 shares during the quarter. Visteon accounts for about 2.3% of Private Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. Private Capital Management LLC owned about 0.43% of Visteon worth $11,318,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VC. Creative Planning raised its stake in Visteon by 87.5% during the third quarter. Creative Planning now owns 8,914 shares of the company’s stock worth $849,000 after acquiring an additional 4,160 shares in the last quarter. Signaturefd LLC increased its position in shares of Visteon by 46.7% during the 3rd quarter. Signaturefd LLC now owns 421 shares of the company’s stock worth $40,000 after purchasing an additional 134 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Visteon by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock worth $306,000 after purchasing an additional 215 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Visteon by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock valued at $26,131,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in Visteon in the third quarter valued at about $429,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Wells Fargo & Company raised their price target on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Royal Bank of Canada reduced their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Finally, Barclays lowered their target price on Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.77.

Visteon Stock Down 1.8 %

Shares of NASDAQ:VC opened at $86.57 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 8.82, a P/E/G ratio of 0.42 and a beta of 1.44. The company has a 50 day moving average of $85.50 and a 200-day moving average of $90.84. Visteon Co. has a one year low of $75.75 and a one year high of $121.45.

Visteon (NASDAQ:VC) last released its earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. On average, sell-side analysts forecast that Visteon Co. will post 8.42 earnings per share 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.