Centaurus Financial Inc. Reduces Stock Position in Visteon Co. (NASDAQ:VC)

Centaurus Financial Inc. trimmed its holdings in shares of Visteon Co. (NASDAQ:VC) by 3.5% in the second quarter, Holdings Channel reports. The institutional investor owned 9,214 shares of the company’s stock after selling 332 shares during the period. Centaurus Financial Inc.’s holdings in Visteon were worth $983,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in shares of Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after buying an additional 142 shares during the last quarter. Prudential PLC acquired a new stake in Visteon during the 4th quarter worth $312,000. Nebula Research & Development LLC purchased a new stake in Visteon in the fourth quarter valued at $1,443,000. RMB Capital Management LLC boosted its stake in Visteon by 0.9% in the fourth quarter. RMB Capital Management LLC now owns 102,731 shares of the company’s stock valued at $12,831,000 after acquiring an additional 883 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Visteon by 416.5% during the fourth quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock worth $18,619,000 after purchasing an additional 120,210 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VC shares. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $115.00 to $122.00 in a report on Friday, September 20th. Morgan Stanley reduced their price objective 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. JPMorgan Chase & Co. lowered their target price on shares of Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Wolfe Research started coverage on shares of Visteon in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.21.

Visteon Stock Performance

Shares of VC stock opened at $92.31 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $98.51 and a 200-day simple moving average of $106.36. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. Visteon Co. has a 12-month low of $88.37 and a 12-month high of $136.80.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.58. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. Visteon’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.18 earnings per share. On average, equities analysts forecast that Visteon Co. will post 8.06 EPS for the current year.

Insider Activity at Visteon

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.73, for a total transaction of $431,166.07. Following the completion of the sale, the senior vice president now directly owns 5,988 shares in the company, valued at approximately $669,039.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

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.