Albar Capital Ltd Sells 2,816 Shares of Visteon Co. (NASDAQ:VC)

Albar Capital Ltd trimmed its position in shares of Visteon Co. (NASDAQ:VC) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,432 shares of the company’s stock after selling 2,816 shares during the period. Visteon comprises 1.5% of Albar Capital Ltd’s holdings, making the stock its 22nd biggest holding. Albar Capital Ltd’s holdings in Visteon were worth $7,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudential PLC bought a new stake in shares of Visteon during the fourth quarter worth $312,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Visteon in the 4th quarter valued at $1,097,000. TFO Wealth Partners LLC boosted its holdings in shares of Visteon by 52,400.0% in the 4th 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. Olympiad Research LP purchased a new position in Visteon in the fourth quarter worth $415,000. Finally, Parallel Advisors LLC increased its position in shares of Visteon by 98.6% during the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after purchasing an additional 142 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Price Performance

Shares of VC stock traded down $1.09 during mid-day trading on Friday, hitting $106.38. 226,539 shares of the stock were exchanged, compared to its average volume of 156,749. 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 $105.19 and a 52-week high of $159.87. The firm has a fifty day moving average of $111.78 and a 200 day moving average of $116.43. The company has a market cap of $2.94 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.49 and a beta of 1.54.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm earned $1.25 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. Research analysts anticipate that Visteon Co. will post 8.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Robert W. Baird dropped their target price on Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Royal Bank of Canada cut their price objective on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Morgan Stanley lowered their target price 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. JPMorgan Chase & Co. cut their target price on Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Finally, Wells Fargo & Company raised shares of Visteon from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $106.00 to $108.00 in a research report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.73.

Visteon 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.