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

Ballentine Partners LLC bought a new stake in shares of Visteon Corporation (NASDAQ:VC) in the first quarter, Holdings Channel reports. The fund bought 4,789 shares of the company’s stock, valued at approximately $372,000.

A number of other hedge funds have also made changes to their positions in VC. Proficio Capital Partners LLC acquired a new position in shares of Visteon during the fourth quarter valued at approximately $2,645,000. Raymond James Financial Inc. acquired a new position in shares of Visteon during the fourth quarter valued at approximately $10,170,000. Swiss National Bank raised its holdings in shares of Visteon by 0.9% during the fourth quarter. Swiss National Bank now owns 54,300 shares of the company’s stock valued at $4,817,000 after acquiring an additional 500 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Visteon during the fourth quarter valued at approximately $227,000. Finally, Signaturefd LLC raised its holdings in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after acquiring an additional 263 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Activity at Visteon

In other 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 transaction of $200,300.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. The Goldman Sachs Group raised Visteon from a “neutral” rating to a “buy” rating and increased their target price for the company from $83.00 to $120.00 in a report on Friday, July 11th. Robert W. Baird raised Visteon from a “neutral” rating to an “outperform” rating and increased their price target for the company from $96.00 to $125.00 in a report on Friday, July 11th. UBS Group reaffirmed a “neutral” rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a report on Thursday, April 10th. Morgan Stanley cut their price target on Visteon from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. Finally, Wells Fargo & Company increased their price target on Visteon from $101.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.50.

Visteon Price Performance

VC stock opened at $110.38 on Wednesday. The business has a fifty day moving average of $91.42 and a two-hundred day moving average of $84.88. 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 cap of $3.01 billion, a price-to-earnings ratio of 10.34 and a beta of 1.21. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $117.94.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.70. The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $906.38 million. Visteon had a return on equity of 24.95% and a net margin of 7.68%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.61 earnings per share. As a group, research analysts anticipate 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.