Visteon Co. (NASDAQ:VC) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of Visteon Co. (NASDAQ:VC) by 3.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,570 shares of the company’s stock after selling 624 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Visteon worth $1,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Nebula Research & Development LLC acquired a new stake in Visteon in the 4th quarter valued at about $1,443,000. Tectonic Advisors LLC acquired a new stake in Visteon in the 4th quarter valued at about $3,187,000. EverSource Wealth Advisors LLC raised its holdings in Visteon by 132,566.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 11,940 shares of the company’s stock valued at $1,491,000 after acquiring an additional 11,931 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in Visteon by 416.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock valued at $18,619,000 after acquiring an additional 120,210 shares during the last quarter. Finally, Hennessy Advisors Inc. raised its holdings in Visteon by 43.9% in the 1st quarter. Hennessy Advisors Inc. now owns 26,900 shares of the company’s stock valued at $3,164,000 after acquiring an additional 8,200 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on VC. Baird R W downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday. UBS Group dropped their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Morgan Stanley dropped their price target on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, May 10th. Finally, Wells Fargo & Company dropped their price target on shares of Visteon from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 25th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

Visteon Stock Performance

Shares of VC stock opened at $110.24 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. Visteon Co. has a 52 week low of $101.42 and a 52 week high of $159.87. The stock has a market capitalization of $3.04 billion, a PE ratio of 6.30, a P/E/G ratio of 0.51 and a beta of 1.46. The firm has a 50 day moving average of $109.18 and a two-hundred day moving average of $113.44.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a net margin of 12.60% and a return on equity of 53.49%. The business had revenue of $933.00 million during the quarter, compared to analysts’ expectations of $971.45 million. During the same period in the prior year, the business earned $1.25 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. On average, research analysts predict that Visteon Co. will post 8.53 EPS for the current fiscal year.

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.