Victory Capital Management Inc. Cuts Position in 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 & Exchange Commission. The firm owned 1,184,811 shares of the company's stock after selling 72,366 shares during the quarter. Victory Capital Management Inc. owned approximately 4.35% of Visteon worth $91,965,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in Visteon by 286.7% during the 1st 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 last quarter. Parallel Advisors LLC grew its stake in shares of 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 grew its stake in shares of Visteon by 225.3% during the fourth 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 last quarter. Signaturefd LLC boosted its stake in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after acquiring an additional 263 shares during the last quarter. Finally, CX Institutional bought a new position in Visteon in the first quarter valued at approximately $63,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Robert R. Vallance sold 2,000 shares of the business'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 transaction of $200,300.00. Following the completion of the transaction, the senior vice president owned 20,838 shares of the company's stock, valued at approximately $2,086,925.70. The trade was a 8.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

VC has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Visteon from $97.00 to $101.00 and gave the company a "neutral" rating in a research note on Monday. Morgan Stanley dropped their target price on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Guggenheim reduced their target price on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. UBS Group reissued a "neutral" rating and set a $76.00 target price (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price objective on the stock in a report on Wednesday, July 2nd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $106.58.

Visteon Trading Down 0.3%

VC traded down $0.29 during trading on Monday, reaching $109.15. 454,258 shares of the company's stock were exchanged, compared to its average volume of 342,568. The company's fifty day moving average price is $93.04 and its 200-day moving average price is $85.31. The firm has a market capitalization of $2.98 billion, a PE ratio of 9.40 and a beta of 1.21. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. 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 (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.40 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 for the quarter, compared to analyst estimates of $906.38 million. During the same quarter in the prior year, the business earned $1.61 EPS. Visteon's quarterly revenue was up .1% on a year-over-year basis. As a group, equities 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.