Creative Planning Purchases 448 Shares of Visteon Co. (NASDAQ:VC)

Creative Planning grew its holdings in Visteon Co. (NASDAQ:VC) by 10.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,754 shares of the company’s stock after acquiring an additional 448 shares during the period. Creative Planning’s holdings in Visteon were worth $507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Signaturefd LLC increased its position in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after buying an additional 119 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Visteon in the first quarter valued at about $48,000. Mather Group LLC. bought a new stake in shares of Visteon in the second quarter worth about $59,000. Acadian Asset Management LLC bought a new stake in shares of Visteon in the second quarter worth about $89,000. Finally, Motco bought a new stake in Visteon during the first quarter worth approximately $106,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $111.73, for a total transaction of $431,166.07. Following the transaction, the senior vice president now directly owns 5,988 shares in the company, valued at approximately $669,039.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on VC shares. Wolfe Research started coverage on Visteon in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Morgan Stanley cut their target price on Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $115.00 to $122.00 in a research report on Friday, September 20th. UBS Group decreased their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, TD Cowen decreased their target price on shares of Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.21.

Visteon Stock Performance

NASDAQ:VC opened at $91.24 on Tuesday. The company has a fifty day simple moving average of $95.92 and a two-hundred day simple moving average of $105.12. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 0.45 and a beta of 1.45. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. Visteon Co. has a 52 week low of $88.37 and a 52 week high of $136.40.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company earned $1.18 earnings per share. Visteon’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities analysts anticipate that Visteon Co. will post 8.06 earnings per share for the current fiscal year.

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.