Victory Capital Management Inc. Sells 72,366 Shares of Visteon Corporation (NASDAQ:VC)

Victory Capital Management Inc. lessened its holdings in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 5.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,184,811 shares of the company's stock after selling 72,366 shares during the period. Victory Capital Management Inc. owned about 4.35% of Visteon worth $91,965,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. UMB Bank n.a. lifted its holdings in Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after buying an additional 324 shares during the period. Parallel Advisors LLC raised its position in shares of Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after acquiring an additional 408 shares in the last quarter. Quadrant Capital Group LLC lifted 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 boosted its position in shares of Visteon by 62.5% during 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, CX Institutional purchased a new stake in Visteon in the first quarter worth $63,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

VC has been the subject of several recent research reports. Robert W. Baird raised Visteon from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $96.00 to $125.00 in a research report on Friday, July 11th. Wells Fargo & Company boosted their price objective on shares of Visteon from $101.00 to $106.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. upped their price objective on shares of Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. The Goldman Sachs Group upgraded shares of Visteon from a "neutral" rating to a "buy" rating and lifted their target price for the company from $83.00 to $120.00 in a report on Friday, July 11th. Finally, Barclays boosted their price target on Visteon from $95.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Visteon presently has a consensus rating of "Moderate Buy" and an average price target of $106.25.

Insider Buying and Selling at Visteon

In related news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were 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 of the company's stock, valued at approximately $2,086,925.70. This trade represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Visteon Stock Performance

Shares of Visteon stock traded down $0.97 during trading on Friday, hitting $109.44. 336,786 shares of the company's stock traded hands, compared to its average volume of 342,011. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $117.94. The business has a 50-day simple moving average of $92.54 and a 200-day simple moving average of $85.20. The stock has a market capitalization of $2.98 billion, a P/E ratio of 9.49 and a beta of 1.21. 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 announced its quarterly earnings results 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 firm 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 firm posted $1.61 EPS. The business's quarterly revenue was up .1% compared to the same quarter last year. As a group, analysts forecast that Visteon Corporation will post 8.42 EPS 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.