Easterly Investment Partners LLC Makes New $1.86 Million Investment in Visteon Corporation (NASDAQ:VC)

Easterly Investment Partners LLC bought a new stake in Visteon Corporation (NASDAQ:VC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 23,993 shares of the company's stock, valued at approximately $1,862,000. Easterly Investment Partners LLC owned approximately 0.09% of Visteon as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. raised its position in Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after acquiring an additional 324 shares in the last quarter. Parallel Advisors LLC increased its position in Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after acquiring an additional 408 shares during the period. Quadrant Capital Group LLC increased its holdings in Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after buying an additional 347 shares during the period. Signaturefd LLC increased its holdings in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after buying an additional 263 shares during the period. Finally, CX Institutional bought a new position in Visteon in the 1st quarter valued at about $63,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling

In related news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was 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 of the company's stock, valued at $2,086,925.70. This trade represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Visteon from $101.00 to $106.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Robert W. Baird upgraded shares of Visteon from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $96.00 to $125.00 in a research report on Friday, July 11th. UBS Group restated a "neutral" rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a research report on Thursday, April 10th. JPMorgan Chase & Co. boosted their price target on shares of Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Baird R W upgraded shares of Visteon from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Visteon presently has an average rating of "Moderate Buy" and an average price target of $106.25.

Visteon Price Performance

NASDAQ VC opened at $109.77 on Thursday. The company has a market cap of $2.99 billion, a PE ratio of 10.29 and a beta of 1.21. Visteon Corporation has a 52 week low of $65.10 and a 52 week 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 firm's 50-day simple moving average is $92.00 and its two-hundred day simple moving average is $85.05.

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

About Visteon

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.

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