32,544 Shares in Visteon Corporation (NASDAQ:VC) Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC acquired a new stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 32,544 shares of the company's stock, valued at approximately $2,526,000. Moran Wealth Management LLC owned 0.12% of Visteon at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VC. UMB Bank n.a. grew its holdings in Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after buying an additional 324 shares in the last quarter. Parallel Advisors LLC boosted its position in Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after acquiring an additional 408 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Visteon by 225.3% in 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 grew its stake in shares of Visteon by 62.5% in 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 acquired a new position in shares of Visteon during the first quarter valued at $63,000. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on VC shares. TD Cowen began coverage on shares of Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Wells Fargo & Company increased their price target on Visteon from $96.00 to $101.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Barclays reissued an "equal weight" rating and issued a $82.00 price objective (down previously from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Finally, 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 report on Monday, May 19th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $96.25.

Visteon Trading Up 1.3%

NASDAQ VC traded up $1.23 on Friday, hitting $94.88. 47,556 shares of the company were exchanged, compared to its average volume of 319,696. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $117.94. The company's 50 day moving average price is $84.52 and its 200-day moving average price is $83.59. The firm has a market capitalization of $2.59 billion, a P/E ratio of 8.89 and a beta of 1.19. 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 issued its quarterly 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 business 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%. Visteon's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. Analysts predict that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

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.