Visteon Co. (NASDAQ:VC) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its position in Visteon Co. (NASDAQ:VC) by 84.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,778 shares of the company’s stock after selling 20,573 shares during the period. American Century Companies Inc.’s holdings in Visteon were worth $457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP boosted its holdings in shares of Visteon by 56.8% in the first quarter. First Trust Advisors LP now owns 45,946 shares of the company’s stock valued at $3,094,000 after acquiring an additional 16,646 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Visteon by 82.9% in the first quarter. Envestnet Asset Management Inc. now owns 9,902 shares of the company’s stock valued at $1,208,000 after acquiring an additional 4,488 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Visteon by 1.2% in the first quarter. Alliancebernstein L.P. now owns 69,815 shares of the company’s stock valued at $8,514,000 after acquiring an additional 800 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Visteon by 2,962.0% during the first quarter. Fifth Third Bancorp now owns 2,174 shares of the company’s stock worth $265,000 after buying an additional 2,103 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Visteon by 1.1% during the first quarter. Swiss National Bank now owns 63,600 shares of the company’s stock worth $7,756,000 after buying an additional 700 shares in the last quarter.

In other news, VP Brett D. Pynnonen sold 8,836 shares of the firm’s stock in a transaction dated Thursday, August 5th. The shares were sold at an average price of $115.12, for a total transaction of $1,017,200.32. Following the completion of the transaction, the vice president now directly owns 4,492 shares of the company’s stock, valued at approximately $517,119.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

A number of brokerages recently weighed in on VC. Royal Bank of Canada reduced their target price on shares of Visteon from $142.00 to $141.00 and set an “outperform” rating for the company in a report on Friday, July 30th. Zacks Investment Research downgraded shares of Visteon from a “hold” rating to a “sell” rating in a research report on Saturday, July 31st. Bank of America downgraded shares of Visteon from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $138.00 to $108.00 in a research report on Thursday, September 16th. They noted that the move was a valuation call. Jefferies Financial Group upgraded shares of Visteon from a “hold” rating to a “buy” rating and reduced their price target for the company from $122.00 to $116.00 in a research report on Monday. Finally, Morgan Stanley increased their target price on shares of Visteon from $71.00 to $75.00 and gave the stock an “underweight” rating in a research report on Friday, July 30th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $115.75.

NASDAQ:VC opened at $94.64 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $2.65 billion, a PE ratio of 92.79 and a beta of 2.00. The firm’s fifty day simple moving average is $108.05 and its 200 day simple moving average is $116.53. Visteon Co. has a 1 year low of $64.22 and a 1 year high of $147.55.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Wednesday, July 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.35). The company had revenue of $610.00 million during the quarter, compared to analyst estimates of $642.38 million. Visteon had a return on equity of 14.96% and a net margin of 1.00%. As a group, analysts anticipate that Visteon Co. will post 2.4 EPS for the current fiscal year.

Visteon Company Profile

Visteon Corp. engages in the design, engineering, and manufacture of electronics products, automotive vehicles and supplies automotive parts. Its products include Instrument Clusters, Information Displays,Telematics Solutions, Head-Up Displays, Domain Controller and DriveCore Autonomous. The company was founded on January 5, 2000 and is headquartered in Van Buren Township, MI.

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Institutional Ownership by Quarter for Visteon (NASDAQ:VC)

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