Gallacher Capital Management LLC Has $338,000 Stake in Visteon Co. (NASDAQ:VC)

Gallacher Capital Management LLC trimmed its holdings in Visteon Co. (NASDAQ:VC) by 19.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,810 shares of the company’s stock after selling 929 shares during the period. Gallacher Capital Management LLC’s holdings in Visteon were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VC. KBC Group NV lifted its holdings in Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after purchasing an additional 247 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in 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. Morse Asset Management Inc acquired a new stake in Visteon during the 3rd quarter worth approximately $164,000. Entropy Technologies LP acquired a new stake in Visteon during the 4th quarter worth approximately $214,000. Finally, XTX Topco Ltd acquired a new stake in Visteon during the 3rd quarter worth approximately $230,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Trading Down 0.2 %

Shares of VC opened at $80.61 on Monday. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $119.16. The business’s fifty day moving average is $84.83 and its 200-day moving average is $89.67. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.42 and a beta of 1.39.

Visteon (NASDAQ:VC) last issued its quarterly earnings results 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 return on equity of 24.58% and a net margin of 7.09%. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Equities analysts anticipate that Visteon Co. will post 8.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on VC shares. Barclays dropped their price target on 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 Visteon in a report on Friday, March 7th. They set a “buy” rating and a $108.00 price target for the company. Royal Bank of Canada lowered their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price objective on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley lowered 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. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Visteon has a consensus rating of “Moderate Buy” and a consensus price target of $117.25.

About Visteon

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.