Villanova Investment Management Co LLC lifted its position in Visteon Corporation (NASDAQ:VC – Free Report) by 119.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,913 shares of the company’s stock after buying an additional 13,014 shares during the period. Villanova Investment Management Co LLC’s holdings in Visteon were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in Visteon by 10.1% in the fourth quarter. Pacer Advisors Inc. now owns 141,188 shares of the company’s stock valued at $13,427,000 after acquiring an additional 12,998 shares during the period. Invesco Ltd. grew its stake in shares of Visteon by 8.4% during the 4th quarter. Invesco Ltd. now owns 1,253,628 shares of the company’s stock valued at $119,220,000 after purchasing an additional 97,100 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Visteon by 10.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,000 shares of the company’s stock valued at $380,000 after purchasing an additional 368 shares during the last quarter. Empowered Funds LLC increased its position in shares of Visteon by 5.4% during the 4th quarter. Empowered Funds LLC now owns 137,825 shares of the company’s stock valued at $13,107,000 after purchasing an additional 7,080 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Visteon in the 4th quarter worth approximately $1,823,000. Institutional investors own 99.71% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Sachin Lawande sold 38,817 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $113.63, for a total transaction of $4,410,775.71. Following the sale, the chief executive officer directly owned 193,822 shares in the company, valued at $22,023,993.86. This trade represents a 16.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of Visteon stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total transaction of $52,687.00. Following the transaction, the chief accounting officer owned 241 shares in the company, valued at approximately $26,731.72. This trade represents a 66.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 58,901 shares of company stock valued at $6,699,220. Insiders own 2.00% of the company’s stock.
Visteon Stock Up 3.1%
Visteon (NASDAQ:VC – Get Free Report) last announced 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). The company had revenue of $954.00 million for 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 company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.47 earnings per share. On average, equities research analysts forecast that Visteon Corporation will post 8.54 EPS for the current year.
Visteon Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.50 annualized dividend and a yield of 1.3%. Visteon’s payout ratio is currently 18.27%.
Analyst Upgrades and Downgrades
VC has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. UBS Group upped their target price on shares of Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, April 24th. The Goldman Sachs Group increased their price target on shares of Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Barclays lifted their price target on shares of Visteon from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.67.
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.
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