UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 9,065 Shares of Visteon Co. (NASDAQ:VC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Visteon Co. (NASDAQ:VC) by 12.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 65,250 shares of the company’s stock after selling 9,065 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Visteon were worth $6,214,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Signaturefd LLC lifted its position in shares of Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares during the last quarter. KBC Group NV lifted its position in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after purchasing an additional 247 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Visteon during the 2nd quarter worth about $89,000. nVerses Capital LLC lifted its position in shares of Visteon by 22.2% during 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, Covestor Ltd lifted its position in shares of Visteon by 14.8% during the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Up 1.0 %

NASDAQ VC opened at $93.77 on Wednesday. The firm has a market cap of $2.59 billion, a PE ratio of 5.04, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44. Visteon Co. has a one year low of $86.27 and a one year high of $131.70. The stock’s 50 day simple moving average is $92.03 and its 200 day simple moving average is $99.31. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. The firm had revenue of $980.00 million for 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 business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $2.35 EPS. As a group, sell-side analysts forecast that Visteon Co. will post 8.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays cut their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $115.00 to $122.00 in a report on Friday, September 20th. JPMorgan Chase & Co. cut their price target on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 price target on shares of Visteon in a report on Tuesday, September 10th. Finally, The Goldman Sachs Group cut their price target on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.57.

Visteon 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.