Ballentine Partners LLC Acquires Shares of 4,789 Visteon Corporation (NASDAQ:VC)

Ballentine Partners LLC acquired a new position in shares of Visteon Corporation (NASDAQ:VC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,789 shares of the company's stock, valued at approximately $372,000.

A number of other large investors also recently bought and sold shares of VC. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Visteon by 12.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock valued at $571,000 after purchasing an additional 799 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Visteon in the 1st quarter worth $472,000. Sei Investments Co. lifted its position in Visteon by 93.2% during the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company's stock valued at $13,095,000 after buying an additional 71,202 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Visteon by 2.7% during the fourth quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock valued at $58,231,000 after buying an additional 17,526 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Visteon during the fourth quarter worth $203,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insiders Place Their Bets

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total transaction of $200,300.00. Following the sale, the senior vice president owned 20,838 shares of the company's stock, valued at $2,086,925.70. This represents a 8.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Visteon Stock Performance

VC stock traded down $1.07 on Friday, reaching $109.34. 46,221 shares of the company were exchanged, compared to its average volume of 340,240. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $117.94. The stock's fifty day moving average price is $92.54 and its 200 day moving average price is $85.20. The firm has a market capitalization of $2.98 billion, a PE ratio of 10.22 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.70. The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $906.38 million. Visteon had a net margin of 7.68% and a return on equity of 24.95%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. On average, research analysts anticipate that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on VC. JPMorgan Chase & Co. lifted their target price on Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Guggenheim lowered their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Morgan Stanley lowered their price objective on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Finally, The Goldman Sachs Group upgraded shares of Visteon from a "neutral" rating to a "buy" rating and lifted their target price for the company from $83.00 to $120.00 in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.25.

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.