Visteon Corporation (NASDAQ:VC) Short Interest Up 18.0% in February

Visteon Corporation (NASDAQ:VC) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 2,892,988 shares, an increase of 18.0% from the February 12th total of 2,451,435 shares. Based on an average trading volume of 791,370 shares, the days-to-cover ratio is currently 3.7 days. Approximately 11.0% of the shares of the stock are short sold. Approximately 11.0% of the shares of the stock are short sold. Based on an average trading volume of 791,370 shares, the days-to-cover ratio is currently 3.7 days.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VC. Barclays lowered their price target on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Royal Bank Of Canada decreased their price objective on Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. The Goldman Sachs Group set a $120.00 target price on Visteon in a research note on Thursday, January 15th. Robert W. Baird dropped their target price on Visteon from $126.00 to $119.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Finally, Wolfe Research lowered Visteon from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.33.

Visteon Trading Down 2.8%

NASDAQ VC opened at $87.57 on Wednesday. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10. The stock has a 50-day simple moving average of $96.02 and a 200 day simple moving average of $104.99. The company has a current ratio of 1.80, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.35 billion, a PE ratio of 9.29, a P/E/G ratio of 1.09 and a beta of 1.15.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.88. The firm had revenue of $948.00 million during the quarter, compared to analysts’ expectations of $920.25 million. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.44 earnings per share. Research analysts forecast that Visteon will post 8.42 EPS for the current year.

Visteon Increases Dividend

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

Insiders Place Their Bets

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total value of $4,620,888.32. Following the completion of the transaction, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at approximately $16,401,242.88. The trade was a 21.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Visteon during the third quarter worth $30,000. Farther Finance Advisors LLC boosted its position in shares of Visteon by 144.1% during the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 170 shares during the period. USA Financial Formulas bought a new position in shares of Visteon during the third quarter worth about $44,000. Plato Investment Management Ltd acquired a new stake in Visteon in the 3rd quarter valued at approximately $48,000. Finally, Hantz Financial Services Inc. lifted its stake in Visteon by 72.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after acquiring an additional 177 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

About Visteon

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.