LSV Asset Management Cuts Position in Visteon Corporation $VC

LSV Asset Management decreased its holdings in Visteon Corporation (NASDAQ:VC) by 3.9% in the third quarter, HoldingsChannel.com reports. The firm owned 154,500 shares of the company’s stock after selling 6,200 shares during the quarter. LSV Asset Management’s holdings in Visteon were worth $18,518,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VC. Amundi increased its position in shares of Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after buying an additional 86 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in Visteon by 1.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company’s stock valued at $550,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System increased its holdings in Visteon by 2.0% in the 3rd quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock worth $965,000 after acquiring an additional 155 shares in the last quarter. Merit Financial Group LLC raised its position in Visteon by 7.4% during the third quarter. Merit Financial Group LLC now owns 2,480 shares of the company’s stock worth $297,000 after acquiring an additional 171 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in Visteon by 72.0% during the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after purchasing an additional 177 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Barclays lowered their price objective on Visteon from $130.00 to $110.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Robert W. Baird set a $126.00 target price on Visteon in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised their target price on Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, Wells Fargo & Company lowered their price target on Visteon from $151.00 to $148.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.15.

Visteon Trading Up 6.8%

VC opened at $104.94 on Friday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 9.43 and a beta of 1.16. The company’s 50 day simple moving average is $98.04 and its two-hundred day simple moving average is $108.85. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $129.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56.

Visteon Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.