Emerald Mutual Fund Advisers Trust Makes New $7.43 Million Investment in Visteon Corporation $VC

Emerald Mutual Fund Advisers Trust purchased a new position in shares of Visteon Corporation (NASDAQ:VC) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 61,970 shares of the company’s stock, valued at approximately $7,428,000. Emerald Mutual Fund Advisers Trust owned approximately 0.23% of Visteon at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in Visteon by 389.3% in the first quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after buying an additional 17,497 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Visteon by 31.5% in the first quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock worth $19,371,000 after acquiring an additional 59,764 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Visteon during the 2nd quarter worth $684,000. GAMMA Investing LLC increased its stake in shares of Visteon by 238.0% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $56,000 after purchasing an additional 426 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Visteon by 111.5% during the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock valued at $36,000 after purchasing an additional 204 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visteon

In other news, CEO Sachin Lawande sold 595 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $110.02, for a total value of $65,461.90. Following the sale, the chief executive officer owned 175,527 shares in the company, 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 legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Visteon Price Performance

NASDAQ VC opened at $92.58 on Friday. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $129.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89. The stock has a market capitalization of $2.53 billion, a PE ratio of 8.32 and a beta of 1.15. The stock has a 50-day simple moving average of $99.56 and a 200 day simple moving average of $110.38.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $945.41 million. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The company’s revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 EPS. Research analysts anticipate that Visteon Corporation will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VC. Morgan Stanley upped their price objective on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Wolfe Research cut Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. Zacks Research lowered Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Barclays set a $130.00 price objective on Visteon in a research note on Monday, October 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a report on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Visteon presently has an average rating of “Moderate Buy” and an average price target of $128.69.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.