Pacer Advisors Inc. Purchases 12,998 Shares of Visteon Corporation $VC

Pacer Advisors Inc. raised its position in shares of Visteon Corporation (NASDAQ:VC) by 10.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 141,188 shares of the company’s stock after acquiring an additional 12,998 shares during the period. Pacer Advisors Inc.’s holdings in Visteon were worth $13,427,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VC. Cullen Frost Bankers Inc. bought a new stake in shares of Visteon in the 3rd quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its position in shares of Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Visteon in the 3rd quarter worth approximately $48,000. Hantz Financial Services Inc. boosted its position 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 purchasing an additional 177 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Visteon in the 3rd quarter worth approximately $54,000. 99.71% of the stock is owned by institutional investors.

Insider Activity at Visteon

In other news, CAO Colleen Elizabeth Myers sold 475 shares of Visteon stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total value of $52,687.00. Following the completion of the sale, the chief accounting officer directly owned 241 shares in the company, valued at $26,731.72. The trade was a 66.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the completion of the sale, the chief executive officer owned 175,527 shares of the company’s stock, valued at $16,401,242.88. This represents a 21.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 99,754 shares of company stock worth $10,296,332 over the last ninety days. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VC shares. Wall Street Zen cut Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings raised Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Barclays boosted their price target on Visteon from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. Robert W. Baird boosted their price target on Visteon from $112.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, Wolfe Research raised Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Monday, April 27th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.42.

Visteon Stock Performance

VC stock opened at $114.95 on Thursday. The stock has a market capitalization of $3.07 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.45 and a beta of 1.26. Visteon Corporation has a 12-month low of $81.18 and a 12-month high of $129.10. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $97.01 and its 200 day simple moving average is $98.98.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.31). The business had revenue of $954.00 million during the quarter, compared to the consensus estimate of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $2.47 earnings per share. As a group, research analysts forecast that Visteon Corporation will post 8.52 earnings per share for the current fiscal 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. This is a boost from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.50 annualized dividend and a yield of 1.3%. Visteon’s payout ratio is currently 18.27%.

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.