Jacobs Levy Equity Management Inc. Has $2.71 Million Stake in Visteon Co. (NASDAQ:VC)

Jacobs Levy Equity Management Inc. decreased its stake in Visteon Co. (NASDAQ:VC) by 48.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,500 shares of the company’s stock after selling 26,462 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Visteon were worth $2,714,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Signaturefd LLC boosted its stake in Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares in the last quarter. Mather Group LLC. acquired a new position in Visteon in the second quarter worth $59,000. KBC Group NV lifted its stake in shares of Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after acquiring an additional 247 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Visteon during the second quarter valued at $89,000. Finally, nVerses Capital LLC lifted its stake in shares of Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Down 0.9 %

Shares of Visteon stock opened at $93.21 on Friday. Visteon Co. has a 1 year low of $86.27 and a 1 year high of $131.70. The business has a 50-day moving average of $92.08 and a two-hundred day moving average of $99.60. The company has a market capitalization of $2.57 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 0.46 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. During the same period in the prior year, the company earned $2.35 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, equities analysts predict that Visteon Co. will post 8.2 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wolfe Research assumed coverage on Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. cut their price target on Visteon from $132.00 to $122.00 and set a “neutral” rating on the stock in a research note on Monday, October 21st. StockNews.com lowered Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Barclays cut their price target on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $115.00 to $122.00 in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.57.

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.