Lodge Hill Capital LLC Buys New Position in Visteon Co. (NASDAQ:VC)

Lodge Hill Capital LLC purchased a new position in Visteon Co. (NASDAQ:VC) in the second quarter, HoldingsChannel reports. The institutional investor purchased 105,000 shares of the company’s stock, valued at approximately $11,204,000. Visteon makes up approximately 3.0% of Lodge Hill Capital LLC’s holdings, making the stock its 13th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Retirement Systems of Alabama raised its holdings in shares of Visteon by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock valued at $4,107,000 after buying an additional 91 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Visteon by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock worth $801,000 after acquiring an additional 100 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after purchasing an additional 119 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its position in Visteon by 2.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 7,711 shares of the company’s stock worth $909,000 after purchasing an additional 171 shares during the period. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of NASDAQ VC opened at $95.30 on Friday. Visteon Co. has a 1 year low of $88.37 and a 1 year high of $143.97. The stock has a market capitalization of $2.63 billion, a P/E ratio of 5.45, a P/E/G ratio of 0.44 and a beta of 1.46. The company’s 50-day moving average is $101.40 and its 200 day moving average is $107.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50.

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

Insider Buying and Selling

In related news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $111.73, for a total transaction of $431,166.07. Following the sale, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

VC has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. TD Cowen decreased their price target on Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. The Goldman Sachs Group lowered their price objective on Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Robert W. Baird restated a “neutral” rating and issued a $120.00 target price (down previously from $137.00) on shares of Visteon in a report on Friday, July 12th. Finally, UBS Group lowered their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Visteon has an average rating of “Moderate Buy” and an average price target of $130.36.

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.