Xponance Inc. Has $396,000 Holdings in Visteon Co. (NASDAQ:VC)

Xponance Inc. trimmed its holdings in Visteon Co. (NASDAQ:VC) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,712 shares of the company’s stock after selling 254 shares during the period. Xponance Inc.’s holdings in Visteon were worth $396,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. American Century Companies Inc. lifted its holdings in Visteon by 1,459.9% during the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after purchasing an additional 489,959 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock worth $161,760,000 after buying an additional 137,264 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Visteon by 416.5% during the 4th quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock worth $18,619,000 after buying an additional 120,210 shares during the period. Lodge Hill Capital LLC acquired a new position in Visteon in the 2nd quarter valued at about $11,204,000. Finally, Dimensional Fund Advisors LP raised its holdings in Visteon by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock valued at $71,552,000 after acquiring an additional 83,840 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company’s 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 transaction, the senior vice president now directly owns 5,988 shares in the company, valued at approximately $669,039.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Visteon Stock Down 2.1 %

NASDAQ VC opened at $95.24 on Tuesday. Visteon Co. has a fifty-two week low of $88.37 and a fifty-two week high of $139.13. The business has a fifty day moving average price of $99.49 and a two-hundred day moving average price of $106.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50. The stock has a market capitalization of $2.63 billion, a PE ratio of 5.44, a PEG ratio of 0.47 and a beta of 1.46.

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

Analyst Upgrades and Downgrades

VC has been the topic of several research reports. Wolfe Research began coverage on Visteon in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Wells Fargo & Company raised 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. Citigroup dropped their target price on Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $124.00 price target on shares of Visteon in a research note on Tuesday, September 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Visteon from $144.00 to $135.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $130.36.

Visteon Company 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.