Granite Investment Partners LLC Has $259,000 Holdings in Visteon Co. (NASDAQ:VC)

Granite Investment Partners LLC trimmed its holdings in Visteon Co. (NASDAQ:VC) by 98.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,423 shares of the company’s stock after selling 197,921 shares during the period. Granite Investment Partners LLC’s holdings in Visteon were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in VC. Signaturefd LLC raised its position 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 buying an additional 119 shares in the last quarter. Parallel Advisors LLC raised 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 worth $36,000 after buying an additional 142 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Visteon during the 1st quarter worth $48,000. Quadrant Capital Group LLC lifted its holdings in shares of Visteon by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after acquiring an additional 178 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Visteon in the 2nd quarter valued at approximately $59,000. 99.71% of the stock is currently owned by institutional investors.

Visteon Stock Up 0.2 %

Visteon stock opened at $95.30 on Friday. The company has a market capitalization of $2.63 billion, a PE ratio of 5.45, a PEG ratio of 0.44 and a beta of 1.46. Visteon Co. has a 12-month low of $88.37 and a 12-month high of $143.97. The firm’s fifty day moving average is $101.40 and its 200 day moving average is $107.70. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last issued its 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 return on equity of 51.69% and a net margin of 13.79%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $1.18 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. As a group, sell-side analysts predict that Visteon Co. will post 8.06 EPS for the current fiscal year.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 5,988 shares of the company’s stock, valued at approximately $669,039.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VC shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research note on Tuesday, September 10th. UBS Group reduced their price objective on Visteon from $144.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Robert W. Baird reissued a “neutral” rating and set a $120.00 price target (down from $137.00) on shares of Visteon in a research note on Friday, July 12th. Wolfe Research began coverage on Visteon in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company upgraded 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 report on Friday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.36.

Visteon Company 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.