Edgestream Partners L.P. Has $4.92 Million Stock Position in Visteon Co. (NASDAQ:VC)

Edgestream Partners L.P. reduced its stake in Visteon Co. (NASDAQ:VC) by 35.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,078 shares of the company’s stock after selling 25,034 shares during the quarter. Edgestream Partners L.P. owned about 0.17% of Visteon worth $4,917,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after buying an additional 119 shares during the period. Parallel Advisors LLC lifted its stake in Visteon by 98.6% in 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. Fidelis Capital Partners LLC acquired a new position in Visteon in the first quarter valued at approximately $48,000. Quadrant Capital Group LLC lifted its stake in Visteon by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after buying an additional 178 shares during the period. Finally, Mather Group LLC. acquired a new position in Visteon in the second quarter valued at approximately $59,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VC has been the topic of several recent analyst reports. TD Cowen dropped their price target on Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Citigroup dropped their price target on Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada decreased their price objective on Visteon from $144.00 to $129.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on Visteon from $107.00 to $115.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group decreased their price objective on Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.86.

Visteon Trading Up 3.1 %

Shares of Visteon stock opened at $93.57 on Wednesday. The stock has a fifty day simple moving average of $102.22 and a 200 day simple moving average of $108.02. Visteon Co. has a 12-month low of $88.37 and a 12-month high of $143.97. The company has a market capitalization of $2.58 billion, a P/E ratio of 5.35, a price-to-earnings-growth ratio of 0.43 and a beta of 1.46. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) 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 return on equity of 51.69% and a net margin of 13.79%. Visteon’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share. On average, sell-side analysts anticipate that Visteon Co. will post 8.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Visteon

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

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.