Bridgewater Associates LP Has $985,000 Holdings in Visteon Co. (NASDAQ:VC)

Bridgewater Associates LP decreased its position in Visteon Co. (NASDAQ:VC) by 58.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,106 shares of the company’s stock after selling 15,736 shares during the period. Bridgewater Associates LP’s holdings in Visteon were worth $985,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after buying an additional 347 shares during the last quarter. Signaturefd LLC boosted its position in Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after purchasing an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after purchasing an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after purchasing an additional 754 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after purchasing an additional 450 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Visteon Price Performance

Visteon stock opened at $71.81 on Friday. The stock’s 50 day moving average is $80.03 and its 200 day moving average is $86.03. Visteon Co. has a one year low of $65.10 and a one year high of $117.94. The firm has a market cap of $1.94 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. The company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. As a group, research analysts expect that Visteon Co. will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

VC has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Visteon from $100.00 to $76.00 and set a “neutral” rating on the stock in a research report on Tuesday. Royal Bank of Canada cut their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Morgan Stanley dropped their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. The Goldman Sachs Group reissued a “neutral” rating and set a $74.00 target price (down from $103.00) on shares of Visteon in a report on Thursday, April 10th. Finally, Wells Fargo & Company lifted their price objective on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Visteon has an average rating of “Hold” and an average target price of $100.64.

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.