LSV Asset Management Buys 22,200 Shares of Visteon Corporation $VC

LSV Asset Management boosted its stake in shares of Visteon Corporation (NASDAQ:VCFree Report) by 14.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,700 shares of the company’s stock after acquiring an additional 22,200 shares during the period. LSV Asset Management’s holdings in Visteon were worth $16,804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Visteon by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock valued at $343,267,000 after purchasing an additional 12,903 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Visteon by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,181,415 shares of the company’s stock valued at $141,606,000 after acquiring an additional 4,734 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Visteon by 8.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,147,059 shares of the company’s stock valued at $137,486,000 after acquiring an additional 90,501 shares in the last quarter. State Street Corp boosted its holdings in shares of Visteon by 3.1% during the 2nd quarter. State Street Corp now owns 1,107,091 shares of the company’s stock valued at $103,292,000 after acquiring an additional 33,155 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Visteon by 20.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 447,799 shares of the company’s stock worth $53,673,000 after buying an additional 76,882 shares during the period. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VC shares. Wells Fargo & Company cut their target price on Visteon from $125.00 to $124.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. UBS Group boosted their price objective on Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on Visteon in a research note on Friday, February 20th. JPMorgan Chase & Co. dropped their price objective on Visteon from $110.00 to $108.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Wall Street Zen downgraded Visteon from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.42.

Read Our Latest Research Report on Visteon

Insider Activity at Visteon

In other news, CEO Sachin Lawande sold 49,453 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was 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 $16,401,242.88. This represents a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Colleen Elizabeth Myers sold 475 shares of the company’s 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 transaction, the chief accounting officer owned 241 shares in the company, valued at approximately $26,731.72. The trade was a 66.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 99,754 shares of company stock valued at $10,296,332. 2.00% of the stock is currently owned by corporate insiders.

Visteon Stock Performance

Shares of VC opened at $113.47 on Tuesday. 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 stock has a 50 day moving average price of $100.12 and a two-hundred day moving average price of $99.25. The firm has a market capitalization of $3.03 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.43 and a beta of 1.26. Visteon Corporation has a 52 week low of $81.18 and a 52 week high of $129.10.

Visteon (NASDAQ:VCGet Free Report) last released its earnings results 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.47 earnings per share. Equities analysts forecast that Visteon Corporation will post 8.54 earnings per share for the current fiscal year.

Visteon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. Visteon’s dividend payout ratio is currently 18.27%.

Visteon Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding VC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visteon Corporation (NASDAQ:VCFree Report).

Institutional Ownership by Quarter for Visteon (NASDAQ:VC)

Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.