Wellington Management Group LLP Sells 407,913 Shares of Visteon Co. (NASDAQ:VC)

Wellington Management Group LLP lowered its position in Visteon Co. (NASDAQ:VC) by 19.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,680,827 shares of the company’s stock after selling 407,913 shares during the quarter. Wellington Management Group LLP owned about 6.21% of Visteon worth $149,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VC. LPL Financial LLC boosted its holdings in shares of Visteon by 2.6% in the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock worth $547,000 after acquiring an additional 156 shares during the period. Franklin Resources Inc. lifted its holdings in Visteon by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock worth $1,881,000 after purchasing an additional 171 shares in the last quarter. Xponance Inc. boosted its stake in Visteon by 4.7% in the 4th quarter. Xponance Inc. now owns 3,898 shares of the company’s stock worth $346,000 after purchasing an additional 175 shares during the period. Inspire Investing LLC increased its position in shares of Visteon by 5.0% during the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock valued at $402,000 after buying an additional 216 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after buying an additional 263 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VC. Wells Fargo & Company upped their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. TD Cowen began coverage on shares of Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 price target on the stock. Royal Bank of Canada dropped their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Morgan Stanley decreased their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Finally, Barclays dropped their price target on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $117.25.

Visteon Price Performance

Shares of NASDAQ:VC opened at $78.96 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.14 billion, a PE ratio of 8.05, a PEG ratio of 0.42 and a beta of 1.39. The company’s fifty day moving average is $83.63 and its 200 day moving average is $88.25. Visteon Co. has a 52 week low of $75.35 and a 52 week high of $117.94.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping the consensus estimate of $1.97 by $2.47. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Research analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current year.

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.