Ballentine Partners LLC Takes Position in Visteon Corporation (NASDAQ:VC)

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

A number of other hedge funds have also recently added to or reduced their stakes in VC. Vanguard Group Inc. raised its position in shares of Visteon by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock worth $258,106,000 after purchasing an additional 16,442 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Visteon by 58.8% during the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock valued at $128,468,000 after acquiring an additional 536,073 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Visteon by 5.6% during the 4th quarter. Invesco Ltd. now owns 1,184,511 shares of the company's stock valued at $105,090,000 after acquiring an additional 62,610 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Visteon by 5.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock valued at $80,621,000 after acquiring an additional 45,058 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Visteon by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock worth $74,886,000 after buying an additional 124,897 shares in the last quarter. Institutional investors and hedge funds 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 that occurred on Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total value of $200,300.00. Following the completion of the sale, the senior vice president owned 20,838 shares in the company, valued at $2,086,925.70. This represents a 8.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VC shares. Guggenheim cut their target price 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. The Goldman Sachs Group upgraded shares of Visteon from a "neutral" rating to a "buy" rating and upped their target price for the company from $83.00 to $120.00 in a research note on Friday, July 11th. Baird R W upgraded shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price on the stock in a research note on Wednesday, July 2nd. Finally, Robert W. Baird raised shares of Visteon from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $96.00 to $125.00 in a research report on Friday, July 11th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $106.25.

Visteon Price Performance

NASDAQ:VC traded down $0.97 during trading hours on Friday, reaching $109.44. 336,786 shares of the company's stock were exchanged, compared to its average volume of 342,011. The company has a market capitalization of $2.98 billion, a P/E ratio of 10.26 and a beta of 1.21. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $117.94. The company has a quick ratio of 1.50, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $93.04 and its two-hundred day simple moving average is $85.35.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analysts' expectations of $906.38 million. Visteon had a net margin of 7.68% and a return on equity of 24.95%. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm posted $1.61 earnings per share. Sell-side analysts expect that Visteon Corporation will post 8.42 EPS for the current fiscal year.

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.