Stifel Financial Corp Sells 306 Shares of Visteon Co. (NASDAQ:VC)

Stifel Financial Corp trimmed its position in Visteon Co. (NASDAQ:VC) by 11.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 2,445 shares of the company’s stock after selling 306 shares during the quarter. Stifel Financial Corp’s holdings in Visteon were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Systematic Financial Management LP raised its position in shares of Visteon by 11.8% during the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company’s stock valued at $24,728,000 after buying an additional 27,403 shares during the last quarter. Readystate Asset Management LP purchased a new position in Visteon during the third quarter valued at $593,000. Petrus Trust Company LTA increased its holdings in Visteon by 44.3% in the 3rd quarter. Petrus Trust Company LTA now owns 6,844 shares of the company’s stock valued at $652,000 after acquiring an additional 2,101 shares during the last quarter. Point72 DIFC Ltd lifted its stake in Visteon by 1,271.3% in the 3rd quarter. Point72 DIFC Ltd now owns 2,441 shares of the company’s stock worth $232,000 after purchasing an additional 2,263 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Visteon by 145.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 83,010 shares of the company’s stock valued at $7,906,000 after purchasing an additional 49,210 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Up 1.4 %

Shares of Visteon stock opened at $89.33 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.47 billion, a P/E ratio of 4.85, a PEG ratio of 0.44 and a beta of 1.44. The firm’s 50 day moving average price is $91.40 and its 200-day moving average price is $97.43. Visteon Co. has a 52-week low of $84.01 and a 52-week high of $128.41.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period last year, the business posted $2.35 earnings per share. The firm’s revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Visteon Co. will post 8.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on VC shares. Barclays dropped their target price on Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Royal Bank of Canada decreased their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. StockNews.com lowered shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Wolfe Research began coverage on Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group dropped their price target on Visteon from $130.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.15.

Visteon Company 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.