Highland Capital Management LLC Acquires Shares of 3,195 Visteon Corporation (NASDAQ:VC)

Highland Capital Management LLC bought a new position in Visteon Corporation (NASDAQ:VC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,195 shares of the company's stock, valued at approximately $248,000.

Several other institutional investors also recently modified their holdings of VC. American Century Companies Inc. raised its position in Visteon by 58.8% in the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock worth $128,468,000 after acquiring an additional 536,073 shares during the period. Norges Bank bought a new stake in shares of Visteon in the 4th quarter worth approximately $29,468,000. Price T Rowe Associates Inc. MD lifted its stake in Visteon by 78.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company's stock valued at $29,850,000 after purchasing an additional 147,685 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Visteon by 17.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after purchasing an additional 124,897 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Visteon during the fourth quarter valued at $10,170,000. 99.71% of the stock is owned by institutional investors.

Visteon Stock Performance

NASDAQ VC opened at $94.19 on Monday. The company's 50 day simple moving average is $84.97 and its two-hundred day simple moving average is $83.45. 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 Corporation has a 1 year low of $65.10 and a 1 year high of $117.94. The stock has a market capitalization of $2.57 billion, a PE ratio of 8.83 and a beta of 1.19.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the business posted $1.61 earnings per share. The firm's revenue was up .1% compared to the same quarter last year. Analysts predict that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VC has been the topic of several research reports. 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. TD Cowen began coverage on Visteon in a research note on Friday, March 7th. They issued a "buy" rating and a $108.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Visteon from $96.00 to $101.00 and gave the company an "overweight" rating in a report on Monday, May 19th. UBS Group reiterated a "neutral" rating and issued a $76.00 target price (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $74.00 price target (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $96.25.

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.

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