Corebridge Financial Inc. Trims Holdings in Visteon Co. (NASDAQ:VC)

Corebridge Financial Inc. lowered its position in Visteon Co. (NASDAQ:VC) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,627 shares of the company’s stock after selling 2,405 shares during the period. Corebridge Financial Inc.’s holdings in Visteon were worth $3,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of VC. Signaturefd LLC grew its position in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after purchasing an additional 263 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after buying an additional 754 shares during the last quarter. KBC Group NV grew its holdings in Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after acquiring an additional 450 shares during the period. Morse Asset Management Inc purchased a new position in Visteon during the third quarter valued at approximately $164,000. Finally, Entropy Technologies LP acquired a new position in Visteon in the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. 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 report on Wednesday, February 19th. Barclays cut their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. TD Cowen initiated coverage on shares of Visteon in a research note on Friday, March 7th. They set a “buy” rating and a $108.00 target price on the stock. Wells Fargo & Company raised their price objective on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley reduced their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Visteon has an average rating of “Moderate Buy” and an average target price of $117.25.

Visteon Price Performance

Visteon stock opened at $78.35 on Monday. The company has a fifty day simple moving average of $84.08 and a 200-day simple moving average of $88.48. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 0.42 and a beta of 1.39. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $119.16.

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 the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. On average, equities analysts anticipate that Visteon Co. will post 8.42 EPS for the current fiscal year.

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.