Dean Capital Management Makes New $4.26 Million Investment in Visteon Corporation $VC

Dean Capital Management bought a new stake in Visteon Corporation (NASDAQ:VC) during the 3rd quarter, Holdings Channel reports. The firm bought 35,508 shares of the company’s stock, valued at approximately $4,256,000. Visteon accounts for about 1.7% of Dean Capital Management’s portfolio, making the stock its 5th largest holding.

A number of other institutional investors have also modified their holdings of the stock. Amundi lifted its holdings in shares of Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after purchasing an additional 86 shares during the period. Orion Porfolio Solutions LLC increased its stake in Visteon by 1.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after buying an additional 97 shares during the period. Arizona State Retirement System raised its position in Visteon by 2.0% during the 3rd quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock worth $965,000 after buying an additional 155 shares during the last quarter. Merit Financial Group LLC raised its position in Visteon by 7.4% during the 3rd quarter. Merit Financial Group LLC now owns 2,480 shares of the company’s stock worth $297,000 after buying an additional 171 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Visteon by 72.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after acquiring an additional 177 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Price Performance

Visteon stock opened at $89.09 on Monday. The firm has a market capitalization of $2.39 billion, a PE ratio of 9.45, a P/E/G ratio of 1.08 and a beta of 1.15. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $129.10. The firm’s 50-day simple moving average is $96.52 and its 200 day simple moving average is $105.49. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.88. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The firm had revenue of $948.00 million during the quarter, compared to the consensus estimate of $920.25 million. During the same period last year, the firm posted $4.44 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts predict that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.375 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.50 annualized dividend and a dividend yield of 1.7%. This is an increase from Visteon’s previous quarterly dividend of $0.28. Visteon’s payout ratio is presently 15.91%.

Insider Transactions at Visteon

In related news, CEO Sachin Lawande sold 49,453 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total value of $4,620,888.32. Following the sale, the chief executive officer owned 175,527 shares of the company’s stock, valued at approximately $16,401,242.88. This represents a 21.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VC shares. Barclays dropped their price target on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of Visteon in a research report on Friday, February 20th. Royal Bank Of Canada dropped their target price on Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. UBS Group cut their target price on Visteon from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, Morgan Stanley raised their price target on Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.33.

Visteon Profile

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.