Parallel Advisors LLC Boosts Position in Visteon Co. (NASDAQ:VC)

Parallel Advisors LLC boosted its stake in Visteon Co. (NASDAQ:VC) by 558.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 481 shares of the company’s stock after buying an additional 408 shares during the period. Parallel Advisors LLC’s holdings in Visteon were worth $37,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its position in Visteon by 2.6% in the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock valued at $547,000 after acquiring an additional 156 shares in the last quarter. Xponance Inc. lifted its stake in Visteon by 4.7% in the fourth quarter. Xponance Inc. now owns 3,898 shares of the company’s stock valued at $346,000 after buying an additional 175 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Visteon by 2.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company’s stock valued at $756,000 after buying an additional 182 shares during the last quarter. Signaturefd LLC lifted 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 buying an additional 263 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Visteon by 21.4% during the fourth quarter. Headlands Technologies LLC now owns 1,771 shares of the company’s stock worth $157,000 after purchasing an additional 312 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VC has been the topic of several research reports. TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price on the stock. Barclays reissued an “equal weight” rating and issued a $82.00 price target (down from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. The Goldman Sachs Group restated a “neutral” rating and issued a $74.00 price objective (down from $103.00) on shares of Visteon in a report on Thursday, April 10th. Morgan Stanley cut their price objective on Visteon from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Monday, May 19th. Finally, Wells Fargo & Company raised their target price on Visteon from $96.00 to $101.00 and gave the company an “overweight” rating in a report on Monday, May 19th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $96.25.

Visteon Trading Up 1.2%

VC stock opened at $84.53 on Tuesday. The business has a fifty day moving average price of $79.14 and a 200 day moving average price of $83.67. Visteon Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 8.62, a P/E/G ratio of 0.42 and a beta of 1.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.70. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $1.61 EPS. Analysts expect that Visteon Co. will post 8.42 EPS for the current fiscal 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.