EverSource Wealth Advisors LLC Purchases 22,614 Shares of Visteon Co. (NASDAQ:VC)

EverSource Wealth Advisors LLC lifted its position in shares of Visteon Co. (NASDAQ:VC) by 189.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,554 shares of the company’s stock after acquiring an additional 22,614 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.13% of Visteon worth $3,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in Visteon by 98.6% in the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. CWM LLC increased its holdings in Visteon by 53.6% in the fourth quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after purchasing an additional 140 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Visteon in the first quarter valued at about $48,000. Quadrant Capital Group LLC grew its stake in Visteon by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after acquiring an additional 178 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in Visteon in the fourth quarter valued at about $59,000. Institutional investors own 99.71% of the company’s stock.

Visteon Trading Down 7.0 %

NASDAQ:VC traded down $7.87 during mid-day trading on Friday, hitting $104.37. 271,141 shares of the stock traded hands, compared to its average volume of 336,054. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 5.96, a PEG ratio of 0.54 and a beta of 1.46. The firm’s 50 day moving average is $108.25 and its two-hundred day moving average is $112.57. Visteon Co. has a 52 week low of $101.42 and a 52 week high of $159.06.

Visteon (NASDAQ:VC) last released its quarterly earnings data 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 firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 earnings per share. On average, equities research analysts predict that Visteon Co. will post 8.06 earnings per share for the current year.

Insider Activity at Visteon

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now owns 5,988 shares in the company, valued at approximately $669,039.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VC. TD Cowen reduced their price objective on Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Robert W. Baird reaffirmed a “neutral” rating and set a $120.00 price objective (down from $137.00) on shares of Visteon in a research report on Friday, July 12th. Guggenheim reduced their price target on Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Morgan Stanley reduced their price target on Visteon from $145.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Finally, Wells Fargo & Company increased their price target on Visteon from $107.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.31.

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.