M&T Bank Corp Purchases 368 Shares of Visteon Corporation (NASDAQ:VC)

M&T Bank Corp lifted its stake in shares of Visteon Corporation (NASDAQ:VC) by 11.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,600 shares of the company’s stock after acquiring an additional 368 shares during the period. M&T Bank Corp’s holdings in Visteon were worth $280,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC boosted its position in Visteon by 2.6% during the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock worth $547,000 after purchasing an additional 156 shares during the period. Xponance Inc. lifted its holdings in shares of Visteon by 4.7% in the fourth quarter. Xponance Inc. now owns 3,898 shares of the company’s stock worth $346,000 after buying an additional 175 shares in the last quarter. Summit Investment Advisors Inc. raised 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 purchasing an additional 182 shares in the last quarter. Signaturefd LLC raised 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 purchasing an additional 263 shares in 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 acquiring an additional 312 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VC. 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. The Goldman Sachs Group upgraded Visteon from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $83.00 to $120.00 in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their price target on Visteon from $90.00 to $97.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Barclays upped their price objective on Visteon from $95.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Morgan Stanley decreased their price target on Visteon from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Visteon currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.25.

Insiders Place Their Bets

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the firm’s stock in a transaction on Wednesday, July 2nd. The stock was 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. This trade represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by insiders.

Visteon Stock Performance

NASDAQ VC opened at $110.41 on Friday. 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. The firm has a market capitalization of $3.01 billion, a P/E ratio of 10.35 and a beta of 1.21. The stock’s fifty day moving average is $92.54 and its two-hundred day moving average is $85.20.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share 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 during the quarter, compared to analysts’ expectations of $906.38 million. During the same quarter in the previous year, the business posted $1.61 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. On average, research analysts anticipate that Visteon Corporation will post 8.42 earnings per share 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.