Simplicity Wealth LLC Makes New $309,000 Investment in Visteon Co. (NASDAQ:VC)

Simplicity Wealth LLC purchased a new stake in Visteon Co. (NASDAQ:VC) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,625 shares of the company’s stock, valued at approximately $309,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd raised its stake in Visteon by 105.7% in the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after purchasing an additional 111 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Visteon by 98.6% during the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after buying an additional 142 shares during the period. CWM LLC boosted its position in Visteon by 53.6% during the fourth quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Visteon by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after acquiring an additional 178 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Visteon during the 4th quarter worth $59,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Trading Down 2.9 %

Shares of NASDAQ VC traded down $3.26 during mid-day trading on Thursday, hitting $108.80. 197,942 shares of the company traded hands, compared to its average volume of 274,422. The business has a 50 day moving average of $113.12 and a two-hundred day moving average of $117.11. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 0.52 and a beta of 1.66. Visteon Co. has a 1 year low of $105.19 and a 1 year high of $159.87. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Bank of America dropped their price target on shares of Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Wells Fargo & Company upgraded shares of Visteon from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $106.00 to $108.00 in a report on Friday, April 26th. Morgan Stanley decreased their price target on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Finally, Guggenheim lowered their price target on shares of Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.75.

Visteon 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.