LSV Asset Management Reduces Stock Holdings in Visteon Corporation $VC

LSV Asset Management reduced its holdings in shares of Visteon Corporation (NASDAQ:VC) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,500 shares of the company’s stock after selling 6,200 shares during the period. LSV Asset Management owned approximately 0.57% of Visteon worth $18,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Visteon during the third quarter worth about $30,000. USA Financial Formulas acquired a new stake in Visteon in the 3rd quarter worth approximately $44,000. EMC Capital Management purchased a new stake in Visteon during the 2nd quarter worth approximately $45,000. Plato Investment Management Ltd acquired a new position in Visteon during the 3rd quarter valued at approximately $48,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Visteon by 72.0% in the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after buying an additional 177 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Performance

Shares of VC stock opened at $104.94 on Friday. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $129.10. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.86 billion, a PE ratio of 9.43 and a beta of 1.16. The business has a 50-day simple moving average of $98.04 and a 200-day simple moving average of $108.85.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VC. Zacks Research downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Wolfe Research cut Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. The Goldman Sachs Group set a $120.00 price target on Visteon in a research note on Thursday, January 15th. Wells Fargo & Company cut their price objective on Visteon from $151.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Finally, Morgan Stanley lifted their target price on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.15.

Visteon Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.