Edgestream Partners L.P. Purchases 12,843 Shares of Visteon Corporation $VC

Edgestream Partners L.P. increased its position in Visteon Corporation (NASDAQ:VC) by 355.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,452 shares of the company’s stock after acquiring an additional 12,843 shares during the quarter. Edgestream Partners L.P.’s holdings in Visteon were worth $1,499,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its position in Visteon by 144.1% during the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 170 shares during the period. UMB Bank n.a. increased its position in Visteon by 32.1% in the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after acquiring an additional 123 shares during the period. Clearstead Advisors LLC increased its position in Visteon by 183.7% in the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock valued at $55,000 after acquiring an additional 373 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Visteon by 1,195.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock valued at $57,000 after acquiring an additional 550 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Visteon by 54.8% during the fourth quarter. Hantz Financial Services Inc. now owns 655 shares of the company’s stock valued at $62,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Visteon from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $108.00 to $165.00 in a report on Monday, June 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a report on Wednesday, July 29th. UBS Group raised their target price on Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft cut their target price on Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Morgan Stanley increased their price target on Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.15.

Visteon Trading Up 0.9%

NASDAQ:VC opened at $105.48 on Tuesday. The firm’s fifty day moving average is $110.17 and its 200-day moving average is $102.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.45 and a current ratio of 1.78. Visteon Corporation has a 52 week low of $83.49 and a 52 week high of $129.10. The firm has a market cap of $2.82 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.67 and a beta of 1.29.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a return on equity of 14.61% and a net margin of 5.58%.The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $955.78 million. During the same quarter last year, the company earned $2.39 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts expect that Visteon Corporation will post 8.49 earnings per share for the current year.

Visteon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a yield of 1.4%. Visteon’s dividend payout ratio is 19.61%.

Insiders Place Their Bets

In other news, SVP Seungkyung Kim sold 600 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.96, for a total value of $71,376.00. Following the transaction, the senior vice president directly owned 389 shares of the company’s stock, valued at $46,275.44. The trade was a 60.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert R. Vallance sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $119.40, for a total value of $119,400.00. Following the sale, the senior vice president owned 17,469 shares in the company, valued at approximately $2,085,798.60. The trade was a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,600 shares of company stock worth $1,023,776. Company insiders own 2.00% of the company’s stock.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.