City Center Advisors LLC Purchases Shares of 2,955 Visteon Co. (NASDAQ:VC)

City Center Advisors LLC acquired a new position in shares of Visteon Co. (NASDAQ:VC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,955 shares of the company’s stock, valued at approximately $281,000.

A number of other hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its stake 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 buying an additional 119 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Visteon in the first quarter valued at approximately $48,000. Mather Group LLC. acquired a new position in shares of Visteon during the 2nd quarter worth approximately $59,000. Acadian Asset Management LLC bought a new stake in shares of Visteon during the 2nd quarter worth approximately $89,000. Finally, Motco bought a new position in shares of Visteon in the first quarter valued at $106,000. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on VC shares. The Goldman Sachs Group cut their price target on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Wells Fargo & Company raised Visteon from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $115.00 to $122.00 in a research report on Friday, September 20th. Wolfe Research started coverage on Visteon in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. dropped their price target on Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, Royal Bank of Canada reduced their price objective on shares of Visteon from $144.00 to $129.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.21.

Insider Activity at Visteon

In other news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 5,988 shares of the company’s stock, valued at approximately $669,039.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Visteon Price Performance

Visteon stock opened at $92.03 on Tuesday. The stock’s fifty day moving average price is $98.12 and its two-hundred day moving average price is $106.10. The firm has a market cap of $2.54 billion, a PE ratio of 5.26, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50. Visteon Co. has a one year low of $88.37 and a one year high of $136.80.

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

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.