Atria Investments Inc Trims Stock Holdings in Visteon Co. (NASDAQ:VC)

Atria Investments Inc lessened its position in shares of Visteon Co. (NASDAQ:VC) by 90.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,115 shares of the company’s stock after selling 19,339 shares during the period. Atria Investments Inc’s holdings in Visteon were worth $201,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VC. Signaturefd LLC lifted its holdings in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying an additional 119 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Visteon in the 2nd quarter worth approximately $59,000. Acadian Asset Management LLC bought a new stake in shares of Visteon in the 2nd quarter worth approximately $89,000. nVerses Capital LLC lifted its holdings in shares of Visteon by 22.2% in the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after purchasing an additional 200 shares during the last quarter. Finally, Shell Asset Management Co. lifted its holdings in shares of Visteon by 31.2% in the 1st quarter. Shell Asset Management Co. now owns 1,993 shares of the company’s stock worth $234,000 after purchasing an additional 474 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

VC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $124.00 price target on shares of Visteon in a report on Tuesday, September 10th. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $115.00 to $122.00 in a report on Friday, September 20th. StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Royal Bank of Canada lowered their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley lowered their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.57.

Visteon Stock Up 1.8 %

Shares of VC stock opened at $92.01 on Monday. Visteon Co. has a 1 year low of $86.27 and a 1 year high of $131.70. The stock has a market cap of $2.54 billion, a PE ratio of 5.00, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. The business’s fifty day moving average is $92.23 and its 200-day moving average is $100.89. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.37. The business had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.35 EPS. Equities analysts expect that Visteon Co. will post 8.2 earnings per share for the current fiscal 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.