Walleye Capital LLC Sells 10,098 Shares of Visteon Corporation $VC

Walleye Capital LLC decreased its holdings in Visteon Corporation (NASDAQ:VC) by 6.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 154,004 shares of the company’s stock after selling 10,098 shares during the quarter. Walleye Capital LLC’s holdings in Visteon were worth $14,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VC. Fifth Third Bancorp raised its position in Visteon by 111.5% in the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after acquiring an additional 204 shares during the period. EMC Capital Management bought a new stake in shares of Visteon during the 2nd quarter valued at $45,000. GAMMA Investing LLC increased its stake in shares of Visteon by 238.0% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $56,000 after purchasing an additional 426 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Visteon in the 1st quarter worth $84,000. Finally, Signaturefd LLC raised its holdings in Visteon by 106.6% in the 2nd quarter. Signaturefd LLC now owns 1,886 shares of the company’s stock worth $176,000 after purchasing an additional 973 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Stock Down 1.1%

Shares of VC opened at $100.57 on Friday. The business’s 50 day moving average is $109.09 and its 200 day moving average is $108.11. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $129.10. The company has a market capitalization of $2.74 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 2.44 and a beta of 1.14.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $945.41 million. During the same period last year, the firm posted $2.26 EPS. The company’s revenue was down 6.4% on a year-over-year basis. Research analysts expect that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th will be paid a $0.275 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $1.10 annualized dividend and a yield of 1.1%. Visteon’s payout ratio is presently 9.88%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. UBS Group lowered their target price on Visteon from $146.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Royal Bank Of Canada lifted their price objective on Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Robert W. Baird set a $141.00 price objective on Visteon in a research note on Friday, October 24th. Wells Fargo & Company raised their target price on shares of Visteon from $145.00 to $151.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Finally, Morgan Stanley upped their price target on shares of Visteon from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.85.

Insider Activity at Visteon

In other news, CEO Sachin Lawande sold 595 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the transaction, the chief executive officer owned 175,527 shares in the company, valued at $19,311,480.54. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

About Visteon

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.