D.A. Davidson & CO. Purchases Shares of 7,972 Visteon Corporation (NASDAQ:VC)

D.A. Davidson & CO. bought a new position in shares of Visteon Corporation (NASDAQ:VC - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,972 shares of the company's stock, valued at approximately $619,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. LPL Financial LLC grew its holdings in shares of Visteon by 2.6% during the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company's stock valued at $547,000 after buying an additional 156 shares in the last quarter. Xponance Inc. grew its stake in Visteon by 4.7% in the fourth quarter. Xponance Inc. now owns 3,898 shares of the company's stock valued at $346,000 after purchasing an additional 175 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Visteon by 2.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company's stock valued at $756,000 after purchasing an additional 182 shares in the last quarter. Signaturefd LLC grew its stake in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after purchasing an additional 263 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in Visteon by 21.4% in the fourth quarter. Headlands Technologies LLC now owns 1,771 shares of the company's stock valued at $157,000 after purchasing an additional 312 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Visteon Stock Performance

Shares of NASDAQ VC traded up $3.00 during trading hours on Friday, hitting $111.29. 495,076 shares of the company's stock were exchanged, compared to its average volume of 335,910. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $117.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 10.43 and a beta of 1.21. The company's 50-day moving average price is $89.53 and its 200-day moving average price is $84.42.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.70. Visteon had a return on equity of 24.95% and a net margin of 7.68%. The business had revenue of $934.00 million during the quarter, compared to analysts' expectations of $906.38 million. During the same quarter in the previous year, the firm earned $1.61 EPS. The firm's revenue was up .1% compared to the same quarter last year. On average, sell-side analysts expect that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VC shares. Robert W. Baird upgraded Visteon from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $96.00 to $125.00 in a research note on Friday. The Goldman Sachs Group upgraded Visteon from a "neutral" rating to a "buy" rating and boosted their target price for the company from $83.00 to $120.00 in a research note on Friday. Barclays restated an "equal weight" rating and issued a $82.00 target price (down previously from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Morgan Stanley lowered their target price on Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Finally, Wells Fargo & Company upped their price target on Visteon from $101.00 to $106.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.23.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the company's stock in a transaction that occurred on 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 owned 20,838 shares of the company's stock, valued at $2,086,925.70. This represents a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company's stock.

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.