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

Gallacher Capital Management LLC lessened its position in shares of Visteon Co. (NASDAQ:VC) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,810 shares of the company’s stock after selling 929 shares during the quarter. Gallacher Capital Management LLC’s holdings in Visteon were worth $338,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Visteon in the fourth quarter valued at about $10,170,000. Hotchkis & Wiley Capital Management LLC bought a new stake in Visteon in the third quarter valued at about $10,779,000. JPMorgan Chase & Co. increased its holdings in Visteon by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock valued at $60,841,000 after purchasing an additional 88,288 shares during the last quarter. Nordea Investment Management AB bought a new stake in Visteon in the fourth quarter valued at about $7,730,000. Finally, Royce & Associates LP increased its holdings in Visteon by 39.2% in the fourth quarter. Royce & Associates LP now owns 281,508 shares of the company’s stock valued at $24,975,000 after purchasing an additional 79,294 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Down 0.2 %

NASDAQ:VC opened at $80.61 on Monday. 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 company has a market cap of $2.18 billion, a PE ratio of 8.22, a PEG ratio of 0.42 and a beta of 1.39. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $119.16. The stock has a 50-day simple moving average of $84.83 and a 200 day simple moving average of $89.67.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 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 firm had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. On average, sell-side analysts expect that Visteon Co. will post 8.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley dropped their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Barclays dropped their price objective 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 assumed coverage on Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 price target for the company. Royal Bank of Canada lowered their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Wells Fargo & Company increased their price target on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.25.

Visteon 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.