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

Easterly Investment Partners LLC purchased a new position in Visteon Corporation (NASDAQ:VC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,993 shares of the company's stock, valued at approximately $1,862,000. Easterly Investment Partners LLC owned 0.09% of Visteon at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. LPL Financial LLC grew its position in shares of Visteon by 2.6% during the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company's stock valued at $547,000 after purchasing an additional 156 shares in the last quarter. Xponance Inc. boosted its position in Visteon by 4.7% during the fourth quarter. Xponance Inc. now owns 3,898 shares of the company's stock valued at $346,000 after buying an additional 175 shares during the period. Summit Investment Advisors Inc. boosted its position in Visteon by 2.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company's stock valued at $756,000 after buying an additional 182 shares during the period. Signaturefd LLC boosted its position in Visteon by 33.5% during the first quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after buying an additional 229 shares during the period. Finally, Headlands Technologies LLC boosted its position in Visteon by 21.4% during the fourth quarter. Headlands Technologies LLC now owns 1,771 shares of the company's stock valued at $157,000 after buying an additional 312 shares during the period. Institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

VC has been the subject of several recent analyst reports. Guggenheim lowered their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird raised shares of Visteon from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $96.00 to $125.00 in a research note on Friday, July 11th. Barclays increased their price target on shares of Visteon from $95.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Finally, Wolfe Research raised shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target for the company in a research note on Wednesday, July 2nd. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $106.25.

Insider Transactions at Visteon

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of Visteon 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 completion of the sale, the senior vice president directly owned 20,838 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.

Visteon Price Performance

NASDAQ VC traded down $0.97 on Friday, reaching $109.44. The company had a trading volume of 336,786 shares, compared to its average volume of 342,120. 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 stock has a market capitalization of $2.98 billion, a PE ratio of 10.26 and a beta of 1.21. The firm's 50 day moving average price is $93.04 and its 200 day moving average price is $85.32. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $117.94.

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