Kirr Marbach & Co. LLC IN Cuts Stock Position in Visteon Co. (NASDAQ:VC)

Kirr Marbach & Co. LLC IN lowered its holdings in Visteon Co. (NASDAQ:VC) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,429 shares of the company’s stock after selling 366 shares during the period. Visteon comprises 2.3% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 20th largest position. Kirr Marbach & Co. LLC IN owned approximately 0.25% of Visteon worth $8,797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd raised its stake in shares of Visteon by 105.7% in the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 111 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Visteon in the first quarter valued at $38,000. Rockefeller Capital Management L.P. raised its stake in shares of Visteon by 1,286.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 305 shares of the company’s stock valued at $39,000 after buying an additional 283 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Visteon in the first quarter valued at $48,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Visteon in the second quarter valued at $63,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Trading Down 0.6 %

VC traded down $0.68 during midday trading on Tuesday, reaching $108.03. 57,501 shares of the company’s stock traded hands, compared to its average volume of 273,194. The firm has a fifty day moving average of $115.44 and a two-hundred day moving average of $119.78. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 6.33, a P/E/G ratio of 0.49 and a beta of 1.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42. Visteon Co. has a 52 week low of $106.87 and a 52 week high of $159.87.

Visteon (NASDAQ:VC) last announced its earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $10.92. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The firm had revenue of $990.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company earned $1.32 EPS. The business’s revenue was down 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Visteon Co. will post 8.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on VC shares. StockNews.com upgraded Visteon from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Wells Fargo & Company boosted their price objective on Visteon from $101.00 to $106.00 and gave the company an “underweight” rating in a research note on Wednesday, February 21st. Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. JPMorgan Chase & Co. decreased their target price on Visteon from $160.00 to $148.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Finally, UBS Group upgraded Visteon from a “neutral” rating to a “buy” rating and upped their target price for the stock from $143.00 to $145.00 in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $146.50.

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.