Lodge Hill Capital LLC Makes New Investment in Visteon Co. (NASDAQ:VC)

Lodge Hill Capital LLC acquired a new stake in shares of Visteon Co. (NASDAQ:VC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 portfolio, making the stock its 13th biggest position. Lodge Hill Capital LLC owned about 0.38% of Visteon as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the company. Jump Financial LLC bought a new position in Visteon in the 4th quarter valued at about $449,000. Dimensional Fund Advisors LP lifted its holdings in shares of Visteon by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 571,760 shares of the company’s stock valued at $71,416,000 after purchasing an additional 13,359 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Visteon by 62.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 4,193 shares of the company’s stock valued at $524,000 after buying an additional 1,614 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Visteon by 76.7% during the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after buying an additional 178 shares in the last quarter. Finally, Norges Bank purchased a new stake in Visteon in the 4th quarter valued at $40,092,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VC. The Goldman Sachs Group cut their price objective on shares of Visteon from $161.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Citigroup reduced their price objective on shares of Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, July 12th. JPMorgan Chase & Co. dropped their target price on shares of Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Robert W. Baird reaffirmed a “neutral” rating and issued a $120.00 target price (down from $137.00) on shares of Visteon in a report on Friday, July 12th. Finally, Royal Bank of Canada decreased their price target on Visteon from $144.00 to $129.00 and set an “outperform” rating for the company in a research report on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.36.

Insider Activity

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

Visteon Price Performance

NASDAQ VC opened at $95.30 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.63 billion, a PE ratio of 5.45, a price-to-earnings-growth ratio of 0.44 and a beta of 1.46. Visteon Co. has a 52 week low of $88.37 and a 52 week high of $143.97. The firm’s 50-day simple moving average is $101.40 and its two-hundred day simple moving average is $107.70.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company posted $1.18 EPS. Visteon’s revenue was up 3.2% compared to the same quarter last year. Research analysts predict that Visteon Co. will post 8.06 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.