Headlands Technologies LLC Trims Stock Holdings in Visteon Co. (NASDAQ:VC)

Headlands Technologies LLC trimmed its position in Visteon Co. (NASDAQ:VC) by 71.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,194 shares of the company’s stock after selling 2,946 shares during the period. Headlands Technologies LLC’s holdings in Visteon were worth $127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp grew its stake in Visteon by 2.8% in the second quarter. Texas Permanent School Fund Corp now owns 25,018 shares of the company’s stock worth $2,669,000 after purchasing an additional 678 shares during the period. Wedbush Securities Inc. purchased a new stake in Visteon in the second quarter worth $338,000. Quest Partners LLC purchased a new stake in Visteon in the second quarter worth $1,157,000. Acadian Asset Management LLC purchased a new stake in Visteon in the second quarter worth $89,000. Finally, Victory Capital Management Inc. grew its stake in shares of Visteon by 10.0% in the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock worth $161,760,000 after acquiring an additional 137,264 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Stock Up 2.1 %

VC stock opened at $90.52 on Monday. Visteon Co. has a fifty-two week low of $88.37 and a fifty-two week high of $143.97. The business’s 50-day moving average is $102.73 and its two-hundred day moving average is $108.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.50 and a current ratio of 1.85. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 5.17, a P/E/G ratio of 0.43 and a beta of 1.46.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company earned $1.18 earnings per share. Visteon’s revenue was up 3.2% on a year-over-year basis. As a group, analysts forecast that Visteon Co. will post 8.06 earnings per share for the current year.

Insider Buying and Selling at Visteon

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the transaction, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VC shares. The Goldman Sachs Group cut their target price on Visteon from $161.00 to $133.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $124.00 target price on shares of Visteon in a research note on Tuesday, September 10th. Wells Fargo & Company increased their target price on Visteon from $107.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Wolfe Research started coverage on Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Morgan Stanley cut their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.86.

About Visteon

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.