SG Americas Securities LLC Purchases Shares of 6,086 Visteon Corporation (NASDAQ:VC)

SG Americas Securities LLC purchased a new position in shares of Visteon Corporation (NASDAQ:VC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,086 shares of the company's stock, valued at approximately $472,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of 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 purchasing an additional 324 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Visteon by 558.9% during the first 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 last quarter. Quadrant Capital Group LLC lifted its position in shares of Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after acquiring an additional 347 shares in the last quarter. Signaturefd LLC grew its holdings in Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after buying an additional 263 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after purchasing an additional 1,061 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Trading Up 0.6%

NASDAQ VC traded up $0.54 during trading hours on Friday, hitting $94.19. 1,192,325 shares of the company were exchanged, compared to its average volume of 324,234. The stock has a market cap of $2.57 billion, a PE ratio of 8.83 and a beta of 1.19. The stock has a 50-day moving average price of $84.52 and a 200 day moving average price of $83.59. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $117.94. 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 (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.95% and a net margin of 7.68%. Visteon's quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.61 EPS. Analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VC shares. Robert W. Baird increased their target price on Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Morgan Stanley cut their target price 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. Guggenheim lowered their price objective on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. TD Cowen began coverage on shares of Visteon in a research note on Friday, March 7th. They issued a "buy" rating and a $108.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on Visteon from $96.00 to $101.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.