Private Capital Management LLC Has $7.97 Million Stock Position in Visteon Co. (NASDAQ:VC)

Private Capital Management LLC lowered its stake in Visteon Co. (NASDAQ:VC) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 89,857 shares of the company’s stock after selling 28,982 shares during the quarter. Visteon makes up approximately 0.8% of Private Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Private Capital Management LLC owned approximately 0.33% of Visteon worth $7,972,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. increased its position in Visteon by 58.8% during the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company’s stock worth $128,468,000 after buying an additional 536,073 shares during the last quarter. Norges Bank acquired a new position in Visteon during the fourth quarter worth approximately $29,468,000. Price T Rowe Associates Inc. MD increased its position in Visteon by 78.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company’s stock worth $29,850,000 after buying an additional 147,685 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Visteon by 17.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company’s stock valued at $74,886,000 after purchasing an additional 124,897 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Visteon in the fourth quarter valued at approximately $10,170,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Performance

NASDAQ VC opened at $87.15 on Thursday. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a twelve month low of $65.10 and a twelve month high of $117.94. The stock has a fifty day simple moving average of $78.01 and a 200 day simple moving average of $84.73. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.70. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $906.38 million. During the same period in the prior year, the business posted $1.61 earnings per share. Visteon’s quarterly revenue was up .1% on a year-over-year basis. Sell-side analysts expect that Visteon Co. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

VC has been the subject of several recent research reports. Robert W. Baird boosted their price target on Visteon from $76.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Wells Fargo & Company upped their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada cut their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. The Goldman Sachs Group restated a “neutral” rating and set a $74.00 target price (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. upped their target price on Visteon from $90.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Visteon presently has a consensus rating of “Hold” and a consensus price target of $98.58.

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.