Engineers Gate Manager LP increased its position in Visteon Corporation (NASDAQ:VC – Free Report) by 60.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,766 shares of the company’s stock after purchasing an additional 33,612 shares during the period. Engineers Gate Manager LP’s holdings in Visteon were worth $8,806,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. grew its position in shares of Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after buying an additional 123 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Visteon by 183.7% in the fourth quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock worth $55,000 after acquiring an additional 373 shares during the last quarter. Versant Capital Management Inc boosted its stake in Visteon by 58.7% in the second quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock valued at $58,000 after acquiring an additional 215 shares during the period. Parkside Financial Bank & Trust boosted its stake in Visteon by 1,195.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock valued at $57,000 after acquiring an additional 550 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Visteon by 3,163.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 620 shares of the company’s stock valued at $74,000 after purchasing an additional 601 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Morgan Stanley upped their price objective on Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. boosted their target price on shares of Visteon from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Robert W. Baird reiterated a “neutral” rating and set a $121.00 price target on shares of Visteon in a research report on Friday, June 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Visteon in a report on Wednesday, July 29th. Finally, Wall Street Zen cut shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.45.
Visteon Stock Performance
VC opened at $100.56 on Friday. The business has a 50 day moving average price of $104.20 and a two-hundred day moving average price of $103.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. Visteon Corporation has a 1-year low of $83.49 and a 1-year high of $128.87.
Visteon (NASDAQ:VC – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). Visteon had a return on equity of 14.61% and a net margin of 5.58%.The firm had revenue of $960.00 million for the quarter, compared to analyst estimates of $955.78 million. During the same period in the previous year, the firm earned $2.39 earnings per share. Visteon’s revenue was down .9% on a year-over-year basis. Research analysts predict that Visteon Corporation will post 8.41 EPS for the current fiscal year.
Visteon Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.50 annualized dividend and a dividend yield of 1.5%. Visteon’s payout ratio is currently 19.61%.
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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