EverSource Wealth Advisors LLC Buys 11,931 Shares of Visteon Co. (NASDAQ:VC)

EverSource Wealth Advisors LLC increased its stake in shares of Visteon Co. (NASDAQ:VC) by 132,566.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,940 shares of the company’s stock after acquiring an additional 11,931 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Visteon were worth $1,491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VC. Quest Partners LLC bought a new position in Visteon during the fourth quarter worth about $497,000. Trexquant Investment LP boosted its position in Visteon by 21.3% during the fourth quarter. Trexquant Investment LP now owns 25,569 shares of the company’s stock worth $3,194,000 after purchasing an additional 4,497 shares during the period. Corient Private Wealth LLC boosted its position in Visteon by 8.6% during the fourth quarter. Corient Private Wealth LLC now owns 6,063 shares of the company’s stock worth $757,000 after purchasing an additional 479 shares during the period. Clearbridge Investments LLC boosted its position in Visteon by 15.0% during the fourth quarter. Clearbridge Investments LLC now owns 86,672 shares of the company’s stock worth $10,825,000 after purchasing an additional 11,281 shares during the period. Finally, Coldstream Capital Management Inc. boosted its position in Visteon by 12.0% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,698 shares of the company’s stock worth $212,000 after purchasing an additional 182 shares during the period. 99.71% of the stock is owned by institutional investors.

Visteon Stock Down 0.3 %

Shares of VC stock traded down $0.35 during mid-day trading on Wednesday, reaching $112.14. 36,985 shares of the company’s stock traded hands, compared to its average volume of 274,401. Visteon Co. has a 12 month low of $105.19 and a 12 month high of $159.87. The company has a market cap of $3.10 billion, a P/E ratio of 6.43, a P/E/G ratio of 0.52 and a beta of 1.66. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $113.24 and its 200-day moving average price is $117.14.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, April 25th. The company reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). The business had revenue of $933.00 million for the quarter, compared to the consensus estimate of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. On average, equities analysts expect that Visteon Co. will post 8.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Guggenheim cut their price objective on shares of Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Morgan Stanley lowered their target price on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. Royal Bank of Canada lowered their target price on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research note on Thursday, March 7th. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Visteon currently has a consensus rating of “Moderate Buy” and an average target price of $141.75.

About Visteon

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.