D.A. Davidson & CO. Takes $619,000 Position in Visteon Corporation (NASDAQ:VC)

D.A. Davidson & CO. purchased a new stake in Visteon Corporation (NASDAQ:VC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,972 shares of the company's stock, valued at approximately $619,000.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Visteon by 12.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock valued at $571,000 after purchasing an additional 799 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Visteon by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock valued at $32,526,000 after buying an additional 25,319 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Visteon in the 1st quarter valued at $472,000. Sei Investments Co. raised its holdings in shares of Visteon by 93.2% in the 4th quarter. Sei Investments Co. now owns 147,603 shares of the company's stock valued at $13,095,000 after buying an additional 71,202 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Visteon by 2.7% in the 4th quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock valued at $58,231,000 after buying an additional 17,526 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Activity at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the 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 transaction, the senior vice president owned 20,838 shares in the company, valued at approximately $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 can be accessed through this link. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley cut their price objective on Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. JPMorgan Chase & Co. boosted their price objective on Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Baird R W upgraded Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday. Barclays reiterated an "equal weight" rating and issued a $82.00 price objective (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Finally, Robert W. Baird upgraded Visteon from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $96.00 to $125.00 in a report on Friday. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Visteon presently has an average rating of "Moderate Buy" and an average price target of $103.50.

Visteon Stock Up 2.3%

NASDAQ VC traded up $2.44 during trading hours on Friday, hitting $110.73. 855,833 shares of the company were exchanged, compared to its average volume of 337,173. The company has a 50 day moving average of $90.14 and a two-hundred day moving average of $84.55. The company has a quick ratio of 1.50, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $117.94. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 10.38 and a beta of 1.21.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. During the same quarter in the prior year, the business earned $1.61 EPS. Visteon's revenue was up .1% on a year-over-year basis. Equities research analysts anticipate that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Company 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.