Guggenheim Capital LLC Lowers Holdings in Visteon Co. (NASDAQ:VC)

Guggenheim Capital LLC decreased its position in Visteon Co. (NASDAQ:VC) by 74.1% in the fourth quarter, Holdings Channel reports. The firm owned 2,490 shares of the company’s stock after selling 7,138 shares during the period. Guggenheim Capital LLC’s holdings in Visteon were worth $221,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in shares of Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after purchasing an additional 347 shares during the period. Signaturefd LLC boosted its holdings in shares of Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after purchasing an additional 263 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after purchasing an additional 1,061 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after purchasing an additional 754 shares during the period. Finally, KBC Group NV lifted its holdings in Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

NASDAQ VC opened at $80.22 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The stock’s fifty day moving average price is $79.07 and its 200 day moving average price is $85.28. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.42 and a beta of 1.32.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on VC. Wells Fargo & Company upped their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Barclays restated an “equal weight” rating and set a $82.00 target price (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Morgan Stanley lowered their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. UBS Group restated a “neutral” rating and set a $76.00 target price (down previously from $114.00) on shares of Visteon in a report on Thursday, April 10th. Finally, Guggenheim lowered their target price on Visteon from $108.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $100.67.

About Visteon

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.