Vanguard Group Inc. Has $268.22 Million Stock Position in Visteon Corporation $VC

Vanguard Group Inc. lowered its stake in shares of Visteon Corporation (NASDAQ:VC) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,820,349 shares of the company’s stock after selling 43,548 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Visteon worth $268,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Visteon by 144.1% during the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Visteon during the third quarter valued at about $30,000. Plato Investment Management Ltd acquired a new position in shares of Visteon during the third quarter valued at about $48,000. Hantz Financial Services Inc. raised its holdings in shares of Visteon by 72.0% during the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after purchasing an additional 177 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Visteon during the third quarter valued at about $54,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Insider Transactions at Visteon

In other Visteon news, CEO Sachin Lawande sold 38,817 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $113.63, for a total value of $4,410,775.71. Following the completion of the sale, the chief executive officer directly owned 193,822 shares of the company’s stock, valued at approximately $22,023,993.86. This represents a 16.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $110.92, for a total transaction of $52,687.00. Following the completion of the sale, the chief accounting officer directly owned 241 shares of the company’s stock, valued at $26,731.72. The trade was a 66.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 99,754 shares of company stock valued at $10,296,332 over the last ninety days. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

VC has been the subject of several recent research reports. Weiss Ratings raised shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Monday, April 27th. Royal Bank Of Canada decreased their target price on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Wells Fargo & Company decreased their target price on shares of Visteon from $125.00 to $124.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and a consensus target price of $124.42.

Visteon Trading Up 1.8%

Shares of VC stock opened at $114.35 on Friday. Visteon Corporation has a 52-week low of $81.18 and a 52-week high of $129.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73. The company has a 50-day simple moving average of $95.60 and a two-hundred day simple moving average of $98.96. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.42 and a beta of 1.26.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The firm had revenue of $954.00 million during the quarter, compared to the consensus estimate of $901.33 million. During the same period in the previous year, the company posted $2.47 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts anticipate that Visteon Corporation will post 8.52 EPS for the current fiscal year.

Visteon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Visteon’s previous quarterly dividend of $0.28. Visteon’s payout ratio is currently 18.27%.

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.