Visteon Co. (NASDAQ:VC) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in Visteon Co. (NASDAQ:VC) by 7.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,416 shares of the company’s stock after selling 1,144 shares during the period. Amalgamated Bank’s holdings in Visteon were worth $1,431,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of VC. Retirement Systems of Alabama grew its stake in Visteon by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock valued at $4,107,000 after acquiring an additional 91 shares during the period. State of Michigan Retirement System grew its position in shares of Visteon by 1.5% in the first quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock valued at $801,000 after purchasing an additional 100 shares during the period. Signaturefd LLC grew its position in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after purchasing an additional 119 shares during the period. Parallel Advisors LLC raised its position in shares of Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after purchasing an additional 142 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in Visteon by 2.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 7,711 shares of the company’s stock valued at $909,000 after buying an additional 171 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Stock Up 2.5 %

Shares of NASDAQ:VC opened at $96.36 on Friday. The business has a 50-day moving average price of $99.95 and a 200 day moving average price of $107.11. Visteon Co. has a 12-month low of $88.37 and a 12-month high of $142.20. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 5.51, a PEG ratio of 0.47 and a beta of 1.46.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 EPS. Sell-side analysts expect that Visteon Co. will post 8.06 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on VC shares. UBS Group cut their price objective on Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. TD Cowen reduced their price objective on Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Wells Fargo & Company raised shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $115.00 to $122.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their target price on shares of Visteon from $144.00 to $135.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Finally, Citigroup decreased their price target on shares of Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.36.

Insider Transactions at Visteon

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total transaction of $431,166.07. Following the completion of the transaction, the senior vice president now directly owns 5,988 shares in the company, valued at approximately $669,039.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

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.