SG Americas Securities LLC Invests $472,000 in Visteon Corporation (NASDAQ:VC)

SG Americas Securities LLC acquired a new position in shares of Visteon Corporation (NASDAQ:VC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,086 shares of the company's stock, valued at approximately $472,000.

Several other hedge funds have also added to or reduced their stakes in VC. UMB Bank n.a. raised its holdings in shares of Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after acquiring an additional 324 shares during the period. Parallel Advisors LLC raised its stake in shares of Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after purchasing an additional 408 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after purchasing an additional 347 shares during the period. Signaturefd LLC lifted its holdings in shares of 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, Nomura Asset Management Co. Ltd. boosted its position in shares of Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after buying an additional 1,061 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Price Performance

Shares of VC traded up $1.68 during trading hours on Tuesday, reaching $92.13. The stock had a trading volume of 283,386 shares, compared to its average volume of 320,748. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.83. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $117.94. The stock has a market capitalization of $2.51 billion, a PE ratio of 8.63 and a beta of 1.19. The company's 50-day moving average is $83.67 and its two-hundred day moving average is $83.53.

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, beating analysts' consensus estimates of $1.70 by $0.70. Visteon had a net margin of 7.68% and a return on equity of 24.95%. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. During the same quarter last year, the business earned $1.61 EPS. The firm's quarterly revenue was up .1% on a year-over-year basis. Research analysts expect that Visteon Corporation will post 8.42 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on VC. Morgan Stanley lowered their price objective on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Robert W. Baird upped their price objective on Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Guggenheim reduced their target price on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group restated a "neutral" rating and issued a $74.00 price target (down previously from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Visteon presently has a consensus rating of "Hold" and a consensus target price of $96.25.

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.