Gabelli Funds LLC Sells 4,000 Shares of Visteon Co. (NASDAQ:VC)

Gabelli Funds LLC cut its stake in shares of Visteon Co. (NASDAQ:VC) by 28.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company’s stock after selling 4,000 shares during the period. Gabelli Funds LLC’s holdings in Visteon were worth $1,067,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VC. Signaturefd LLC grew its stake in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after acquiring an additional 119 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Visteon by 98.6% in the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Visteon during the 1st quarter worth approximately $48,000. Mather Group LLC. acquired a new position in shares of Visteon during the 2nd quarter worth approximately $59,000. Finally, TFO Wealth Partners LLC raised its position in shares of Visteon by 52,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 525 shares of the company’s stock valued at $66,000 after buying an additional 524 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VC. Citigroup reduced their price target on Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Baird R W lowered Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $115.00 to $122.00 in a research note on Friday, September 20th. Wolfe Research initiated coverage on shares of Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Visteon from $144.00 to $135.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $130.36.

Visteon Trading Up 2.5 %

NASDAQ VC opened at $96.36 on Friday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 5.51, a price-to-earnings-growth ratio of 0.47 and a beta of 1.46. Visteon Co. has a twelve month low of $88.37 and a twelve month high of $142.20. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average is $99.95 and its 200 day moving average is $107.11.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $1.18 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, sell-side analysts expect that Visteon Co. will post 8.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the completion of the transaction, the senior vice president now directly owns 5,988 shares of the company’s stock, valued at approximately $669,039.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company’s stock.

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.