Wellington Management Group LLP Sells 37,226 Shares of Visteon Co. (NASDAQ:VC)

Wellington Management Group LLP lowered its holdings in shares of Visteon Co. (NASDAQ:VC) by 1.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,088,740 shares of the company’s stock after selling 37,226 shares during the period. Wellington Management Group LLP owned 7.56% of Visteon worth $198,932,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of VC. Signaturefd LLC boosted its stake in shares of Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after acquiring an additional 119 shares during the period. KBC Group NV lifted its holdings in Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after purchasing an additional 247 shares during the last quarter. Acadian Asset Management LLC bought a new position in Visteon during the second quarter worth $89,000. nVerses Capital LLC increased its holdings in shares of Visteon by 22.2% in the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after purchasing an additional 200 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Visteon by 14.8% in the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VC. JPMorgan Chase & Co. reduced their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $122.00 in a research report on Friday, September 20th. The Goldman Sachs Group dropped their price target on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Morgan Stanley reduced their price target on Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Finally, Barclays lowered their price objective on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $127.57.

Visteon Stock Performance

Visteon stock opened at $93.21 on Monday. The stock has a market cap of $2.57 billion, a PE ratio of 5.06, a P/E/G ratio of 0.44 and a beta of 1.44. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. Visteon Co. has a 12-month low of $86.27 and a 12-month high of $131.70. The business’s 50-day moving average price is $92.08 and its two-hundred day moving average price is $99.51.

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

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.