Royal Bank of Canada Boosts Stock Position in Visteon Corporation $VC

Royal Bank of Canada increased its holdings in Visteon Corporation (NASDAQ:VC) by 103.2% during the 1st quarter, HoldingsChannel reports. The firm owned 45,410 shares of the company’s stock after buying an additional 23,066 shares during the period. Royal Bank of Canada’s holdings in Visteon were worth $4,137,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in 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 last quarter. UMB Bank n.a. increased its holdings in shares of Visteon by 32.1% in the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after buying an additional 123 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of Visteon by 183.7% in the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock worth $55,000 after buying an additional 373 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Visteon by 1,195.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock valued at $57,000 after buying an additional 550 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Visteon by 54.8% during the 4th quarter. Hantz Financial Services Inc. now owns 655 shares of the company’s stock valued at $62,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In related news, SVP Brett D. Pynnonen sold 5,000 shares of Visteon stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. Following the completion of the sale, the senior vice president owned 8,503 shares in the company, valued at $1,020,360. This trade represents a 37.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of Visteon stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the sale, the senior vice president owned 389 shares of the company’s stock, valued at $46,275.44. The trade was a 60.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,600 shares of company stock valued at $1,023,776 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VC shares. JPMorgan Chase & Co. boosted their price objective on Visteon from $168.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday. Royal Bank Of Canada lowered their price objective on Visteon from $130.00 to $129.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Visteon in a report on Wednesday, July 29th. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $115.00 to $145.00 in a research report on Monday, June 22nd. Finally, UBS Group increased their price target on Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.54.

Visteon Price Performance

Shares of VC stock opened at $107.25 on Friday. Visteon Corporation has a 52-week low of $83.49 and a 52-week high of $129.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.45 and a current ratio of 1.78. The firm has a market capitalization of $2.86 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.69 and a beta of 1.29. The stock has a 50 day moving average price of $107.83 and a 200 day moving average price of $103.02.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a net margin of 5.58% and a return on equity of 14.61%. The business had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. During the same period last year, the company earned $2.39 EPS. The business’s revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that Visteon Corporation will post 8.41 earnings per share for the current year.

Visteon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. Visteon’s dividend payout ratio (DPR) is currently 19.61%.

Visteon Company 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.