Alps Advisors Inc. Invests $348,000 in Visteon Corporation (NASDAQ:VC)

Alps Advisors Inc. acquired a new position in shares of Visteon Corporation (NASDAQ:VC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,480 shares of the company's stock, valued at approximately $348,000.

A number of other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. raised its stake in shares of Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after acquiring an additional 324 shares in the last quarter. Parallel Advisors LLC increased its position in Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after buying an additional 408 shares during the period. Quadrant Capital Group LLC increased its position in Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after buying an additional 347 shares during the period. Signaturefd LLC increased its position in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after buying an additional 263 shares during the period. Finally, CX Institutional bought a new position in Visteon in the 1st quarter worth approximately $63,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company's stock.

Visteon Stock Performance

Shares of NASDAQ VC traded down $0.97 during trading hours on Friday, reaching $109.44. 336,786 shares of the stock were exchanged, compared to its average volume of 342,120. The stock's fifty day simple moving average is $93.04 and its 200 day simple moving average is $85.32. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $117.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.83. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.26 and a beta of 1.21.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share 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 return on equity of 24.95% and a net margin of 7.68%. The company's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. Sell-side analysts predict that Visteon Corporation will post 8.42 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VC shares. Wells Fargo & Company lifted their price objective on Visteon from $101.00 to $106.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their price target on Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. The Goldman Sachs Group raised Visteon from a "neutral" rating to a "buy" rating and boosted their price target for the company from $83.00 to $120.00 in a research note on Friday, July 11th. Barclays boosted their price target on Visteon from $95.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, Guggenheim decreased their price target on Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $106.25.

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.