Morgan Stanley Reduces Stock Position in Visteon Co. (NASDAQ:VC)
Morgan Stanley decreased its holdings in Visteon Co. (NASDAQ:VC) by 7.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 350,821 shares of the company’s stock after selling 28,380 shares during the period. Morgan Stanley’s holdings in Visteon were worth $44,035,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of VC. Iszo Capital Management LP purchased a new stake in shares of Visteon during the 3rd quarter worth about $14,211,000. Robeco Institutional Asset Management B.V. acquired a new position in Visteon during the 4th quarter worth approximately $15,690,000. BlackRock Inc. lifted its position in Visteon by 3.3% during the 4th quarter. BlackRock Inc. now owns 3,446,422 shares of the company’s stock worth $432,595,000 after acquiring an additional 108,914 shares in the last quarter. Emerald Advisers LLC lifted its position in Visteon by 83.3% during the 4th quarter. Emerald Advisers LLC now owns 187,861 shares of the company’s stock worth $23,580,000 after acquiring an additional 85,364 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Visteon by 2.9% during the 4th quarter. Janus Henderson Group PLC now owns 2,761,794 shares of the company’s stock worth $346,660,000 after acquiring an additional 78,694 shares in the last quarter.
NASDAQ:VC opened at $123.40 on Thursday. Visteon Co. has a 1 year low of $46.17 and a 1 year high of $147.55. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of -86.90 and a beta of 2.07. The business has a fifty day moving average of $126.01 and a 200-day moving average of $126.41. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.61.
A number of brokerages have issued reports on VC. Zacks Investment Research lowered Visteon from a “hold” rating to a “sell” rating in a research report on Saturday, February 20th. Wells Fargo & Company began coverage on Visteon in a research report on Wednesday, March 31st. They issued an “underweight” rating and a $106.00 target price on the stock. Raymond James reiterated a “hold” rating on shares of Visteon in a report on Monday, February 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on Visteon from $166.00 to $158.00 and set a “buy” rating for the company in a report on Friday, February 19th. Finally, Robert W. Baird lowered their price target on Visteon from $156.00 to $150.00 and set an “outperform” rating for the company in a report on Friday, February 19th. Four analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $108.40.
Visteon Corporation engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, dual view, cameras, optics, haptic feedback, light effects, and dual displays; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence based voice assistant.
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