Visteon Corporation $VC Position Reduced by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its position in shares of Visteon Corporation (NASDAQ:VC) by 17.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 718,040 shares of the company’s stock after selling 151,995 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.63% of Visteon worth $86,064,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in Visteon by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock worth $65,316,000 after buying an additional 14,662 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Visteon by 11.0% during the 3rd quarter. Nordea Investment Management AB now owns 135,025 shares of the company’s stock valued at $16,216,000 after acquiring an additional 13,415 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Visteon in the second quarter worth $1,719,000. Brandywine Global Investment Management LLC acquired a new position in shares of Visteon in the second quarter worth $10,948,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Visteon during the third quarter worth $5,996,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VC has been the topic of a number of recent research reports. Wall Street Zen downgraded Visteon from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Robert W. Baird set a $126.00 price target on Visteon in a research note on Wednesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. The Goldman Sachs Group set a $120.00 target price on shares of Visteon in a research note on Thursday, January 15th. Finally, 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 report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.69.

Visteon Stock Down 2.1%

Shares of Visteon stock opened at $91.68 on Wednesday. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $129.10. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average price of $100.05 and a two-hundred day moving average price of $110.60. The stock has a market capitalization of $2.50 billion, a P/E ratio of 8.24 and a beta of 1.15.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. The business had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $945.41 million. Visteon had a net margin of 8.22% and a return on equity of 21.85%. Visteon’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.26 earnings per share. Equities analysts expect that Visteon Corporation will post 8.42 earnings per share for the current year.

Insider Transactions at Visteon

In other news, CEO Sachin Lawande sold 595 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the sale, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at approximately $19,311,480.54. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

About Visteon

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.