Dimensional Fund Advisors LP reduced its position in Visteon Co. (NASDAQ:VC – Get Rating) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 550,524 shares of the company’s stock after selling 24,865 shares during the period. Dimensional Fund Advisors LP’s holdings in Visteon were worth $72,026,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Visteon by 51.5% during the first quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company’s stock worth $267,776,000 after acquiring an additional 834,079 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in Visteon by 34.7% in the third quarter. Balyasny Asset Management LLC now owns 546,113 shares of the company’s stock worth $57,921,000 after buying an additional 140,743 shares during the period. Principal Financial Group Inc. lifted its holdings in Visteon by 49.3% in the fourth quarter. Principal Financial Group Inc. now owns 359,284 shares of the company’s stock worth $47,005,000 after buying an additional 118,657 shares during the period. BlackRock Inc. lifted its holdings in Visteon by 3.3% in the third quarter. BlackRock Inc. now owns 3,272,492 shares of the company’s stock worth $347,081,000 after buying an additional 105,786 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in shares of Visteon by 1,856.7% during the first quarter. Prudential Financial Inc. now owns 73,064 shares of the company’s stock valued at $7,973,000 after purchasing an additional 69,330 shares during the last quarter.
Visteon Price Performance
Shares of VC stock opened at $134.78 on Friday. Visteon Co. has a 12 month low of $94.71 and a 12 month high of $171.66. The company has a market capitalization of $3.82 billion, a PE ratio of 28.37 and a beta of 1.79. The firm’s 50-day moving average is $142.17 and its two-hundred day moving average is $149.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 1.35.
Insider Transactions at Visteon
In other Visteon news, SVP Kristin Trecker sold 2,050 shares of the company’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $159.01, for a total transaction of $325,970.50. Following the completion of the transaction, the senior vice president now owns 6,084 shares in the company, valued at approximately $967,416.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Visteon from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday, March 9th. StockNews.com started coverage on shares of Visteon in a research report on Thursday, May 18th. They set a “hold” rating for the company. Guggenheim upgraded shares of Visteon from a “neutral” rating to a “buy” rating and set a $161.00 target price on the stock in a research note on Wednesday, May 17th. Wells Fargo & Company boosted their price target on shares of Visteon from $126.00 to $127.00 in a research note on Friday, April 28th. Finally, Cowen boosted their target price on shares of Visteon from $164.00 to $195.00 in a report on Friday, February 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Visteon presently has an average rating of “Hold” and a consensus target price of $158.58.
Visteon Corp. is a global technology company, which engages in the design, engineering, and manufacture of electronics products, automotive vehicles, and supplies automotive parts. It operates through the Americas, Europe, China, and Other Asia Pacific geographical segments. The Americas segment includes the United States and Mexico.
- Get a free copy of the StockNews.com research report on Visteon (VC)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Want to see what other hedge funds are holding VC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visteon Co. (NASDAQ:VC – Get Rating).
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.