Mackenzie Financial Corp Trims Stock Position in Visteon Co. (NASDAQ:VC)

Mackenzie Financial Corp cut its position in shares of Visteon Co. (NASDAQ:VC) by 36.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,730 shares of the company’s stock after selling 1,004 shares during the period. Mackenzie Financial Corp’s holdings in Visteon were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of VC. Covestor Ltd raised its stake in shares of Visteon by 105.7% in the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after acquiring an additional 111 shares during the period. Headlands Technologies LLC raised its stake in shares of Visteon by 38.3% in the 3rd quarter. Headlands Technologies LLC now owns 1,256 shares of the company’s stock valued at $173,000 after acquiring an additional 348 shares during the period. Pathstone Family Office LLC purchased a new stake in shares of Visteon in the 3rd quarter valued at approximately $234,000. Teza Capital Management LLC purchased a new stake in shares of Visteon in the 3rd quarter valued at approximately $236,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Visteon by 20.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,825 shares of the company’s stock valued at $252,000 after acquiring an additional 304 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Trading Up 2.3 %

NASDAQ VC opened at $112.19 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. Visteon Co. has a 52 week low of $105.19 and a 52 week high of $159.87. The stock has a market capitalization of $3.08 billion, a PE ratio of 6.41, a price-to-earnings-growth ratio of 0.51 and a beta of 1.65. The firm has a 50 day moving average of $113.58 and a two-hundred day moving average of $118.24.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a net margin of 12.60% and a return on equity of 53.49%. The company had revenue of $933.00 million during the quarter, compared to analyst estimates of $971.45 million. During the same quarter in the previous year, the company posted $1.25 EPS. The company’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, research analysts expect that Visteon Co. will post 8.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Royal Bank of Canada dropped their price objective on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a report on Thursday, March 7th. Guggenheim dropped their price objective on shares of Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Finally, UBS Group upgraded shares of Visteon from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $143.00 to $145.00 in a report on Wednesday, January 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.36.

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.