Edgestream Partners L.P. Sells 25,034 Shares of Visteon Co. (NASDAQ:VC)

Edgestream Partners L.P. lowered its holdings in Visteon Co. (NASDAQ:VC) by 35.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 46,078 shares of the company’s stock after selling 25,034 shares during the quarter. Edgestream Partners L.P.’s holdings in Visteon were worth $4,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew its stake in Visteon by 70.8% in 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. Parallel Advisors LLC grew its stake in Visteon by 98.6% in the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after buying an additional 142 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in Visteon in the 1st quarter valued at approximately $48,000. 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 valued at $51,000 after buying an additional 178 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Visteon in the 2nd quarter valued at approximately $59,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research note on Tuesday, September 10th. UBS Group reduced their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. reduced their price target on shares of Visteon from $144.00 to $135.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, TD Cowen reduced their price target on shares of Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and ten 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 a consensus price target of $129.86.

Visteon Stock Up 3.1 %

Shares of NASDAQ:VC opened at $93.57 on Wednesday. Visteon Co. has a 52-week low of $88.37 and a 52-week high of $143.97. The firm has a fifty day moving average of $102.22 and a 200 day moving average of $108.02. The firm has a market capitalization of $2.58 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 0.43 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.50 and a current ratio of 1.85.

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

Insiders Place Their Bets

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now directly owns 5,988 shares of the company’s stock, valued at $669,039.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

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.