Visteon Co. (NASDAQ:VC) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in Visteon Co. (NASDAQ:VC) by 6.6% in the third quarter, Holdings Channel reports. The firm owned 12,536 shares of the company’s stock after selling 880 shares during the period. Amalgamated Bank’s holdings in Visteon were worth $1,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying an additional 119 shares during the last quarter. Mather Group LLC. purchased a new position in Visteon in the 2nd quarter worth $59,000. Acadian Asset Management LLC acquired a new stake in Visteon during the 2nd quarter worth about $89,000. Motco purchased a new stake in Visteon during the 1st quarter valued at about $106,000. Finally, 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 period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

NASDAQ:VC opened at $93.83 on Thursday. The stock has a market capitalization of $2.59 billion, a PE ratio of 5.13, a price-to-earnings-growth ratio of 0.46 and a beta of 1.45. Visteon Co. has a 52 week low of $86.77 and a 52 week high of $131.70. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $92.83 and its 200-day moving average price is $102.22.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.89 by $0.37. The company had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. Visteon’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $2.35 earnings per share. As a group, equities analysts expect that Visteon Co. will post 8.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VC has been the subject of a number of research reports. StockNews.com downgraded Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Wolfe Research initiated coverage on shares of Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Morgan Stanley cut their price objective on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Royal Bank of Canada reduced their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Barclays lowered their price target on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.