Edgestream Partners L.P. Purchases Shares of 18,420 Visteon Corporation $VC

Edgestream Partners L.P. purchased a new position in Visteon Corporation (NASDAQ:VC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,420 shares of the company’s stock, valued at approximately $1,719,000. Edgestream Partners L.P. owned 0.07% of Visteon as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Visteon by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock worth $65,316,000 after acquiring an additional 14,662 shares during the last quarter. Entropy Technologies LP grew its holdings in shares of Visteon by 169.5% during the first quarter. Entropy Technologies LP now owns 6,505 shares of the company’s stock worth $505,000 after purchasing an additional 4,091 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of Visteon in the first quarter worth approximately $210,000. Nordea Investment Management AB raised its stake in Visteon by 26.5% in the second quarter. Nordea Investment Management AB now owns 121,610 shares of the company’s stock valued at $11,343,000 after purchasing an additional 25,467 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Visteon by 2.2% during the first quarter. Invesco Ltd. now owns 1,210,198 shares of the company’s stock valued at $93,936,000 after purchasing an additional 25,687 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In other Visteon news, CEO Sachin Lawande sold 595 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the transaction, the chief executive officer owned 175,527 shares of the company’s stock, valued at approximately $19,311,480.54. This trade represents a 0.34% 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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a research report on Wednesday, October 8th. Barclays set a $130.00 target price on Visteon in a research note on Monday, October 27th. Morgan Stanley upped their price objective on Visteon from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Guggenheim increased their price objective on Visteon from $134.00 to $143.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Finally, Zacks Research lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Visteon has an average rating of “Moderate Buy” and an average price target of $131.85.

Visteon Price Performance

Shares of NASDAQ VC opened at $99.48 on Friday. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $129.10. The stock has a market capitalization of $2.71 billion, a P/E ratio of 8.94, a P/E/G ratio of 2.42 and a beta of 1.14. The company’s 50-day moving average is $108.62 and its 200 day moving average is $108.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $945.41 million. During the same period last year, the business posted $2.26 earnings per share. Visteon’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th were issued a $0.275 dividend. The ex-dividend date was Tuesday, November 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.1%. Visteon’s dividend payout ratio is 9.88%.

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.