Alps Advisors Inc. Acquires New Position in Visteon Corporation (NASDAQ:VC)

Alps Advisors Inc. acquired a new position in shares of Visteon Corporation (NASDAQ:VC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,480 shares of the company's stock, valued at approximately $348,000.

Several other institutional investors and hedge funds have also made changes to their positions in VC. UMB Bank n.a. lifted its position in Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after purchasing an additional 324 shares during the period. Parallel Advisors LLC increased its holdings in Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after buying an additional 408 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC increased its stake in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of Visteon during the first quarter worth about $63,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visteon

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total transaction of $200,300.00. Following the transaction, the senior vice president directly owned 20,838 shares of the company's stock, valued at approximately $2,086,925.70. This trade represents a 8.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on VC. JPMorgan Chase & Co. boosted their price target on shares of Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Robert W. Baird upgraded shares of Visteon from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $96.00 to $125.00 in a research report on Friday, July 11th. Guggenheim lowered their price target on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. UBS Group restated a "neutral" rating and set a $76.00 price target (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Finally, Wells Fargo & Company boosted their price target on shares of Visteon from $101.00 to $106.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.25.

Visteon Stock Up 0.6%

Shares of VC traded up $0.64 during midday trading on Thursday, reaching $110.41. The stock had a trading volume of 483,757 shares, compared to its average volume of 341,370. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $117.94. The company's fifty day simple moving average is $92.00 and its two-hundred day simple moving average is $85.05. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 9.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. Visteon had a net margin of 7.68% and a return on equity of 24.95%. The company's revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $1.61 EPS. Equities research analysts expect that Visteon Corporation will post 8.42 earnings per share 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.