EverSource Wealth Advisors LLC Has $3.96 Million Stock Position in Visteon Co. (NASDAQ:VC)

EverSource Wealth Advisors LLC cut its holdings in Visteon Co. (NASDAQ:VC) by 0.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,245 shares of the company’s stock after selling 309 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.12% of Visteon worth $3,957,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of VC. Retirement Systems of Alabama increased its position in shares of Visteon by 0.3% in the first quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock worth $4,107,000 after purchasing an additional 91 shares during the period. State of Michigan Retirement System raised its position in shares of Visteon by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock valued at $801,000 after buying an additional 100 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after acquiring an additional 119 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after acquiring an additional 142 shares during the period. Finally, Orion Portfolio Solutions LLC increased its stake in Visteon by 2.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 7,711 shares of the company’s stock valued at $909,000 after acquiring an additional 171 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on VC. Citigroup reduced their target price on Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, July 12th. The Goldman Sachs Group decreased their target price on Visteon from $161.00 to $133.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Wolfe Research began coverage on shares of Visteon in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. UBS Group decreased their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Royal Bank of Canada dropped their price objective on shares of Visteon from $144.00 to $129.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.36.

Insider Activity at Visteon

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the transaction, the senior vice president now directly owns 5,988 shares of the company’s stock, valued at approximately $669,039.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

Visteon Stock Performance

Shares of Visteon stock opened at $95.30 on Friday. The business has a 50-day moving average price of $101.40 and a two-hundred day moving average price of $107.70. Visteon Co. has a 1-year low of $88.37 and a 1-year high of $143.97. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.63 billion, a P/E ratio of 5.45, a PEG ratio of 0.44 and a beta of 1.46.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 earnings per share. As a group, analysts anticipate that Visteon Co. will post 8.06 EPS for the current year.

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.