Entropy Technologies LP Purchases 4,091 Shares of Visteon Corporation (NASDAQ:VC)

Key Points

• Entropy Technologies LP significantly increased its holdings in Visteon Corporation by 169.5%, acquiring 4,091 additional shares, bringing its total ownership to 6,505 shares valued at approximately $505,000.
• Multiple institutional investors have also raised their stakes in Visteon, including Pacer Advisors Inc., which boosted its position by a remarkable 2,402.0% during the first quarter.
• Visteon recently announced a quarterly dividend of $0.275 per share, representing an annualized dividend yield of 0.9%, set to be paid on September 5th to shareholders of record on August 18th.

Entropy Technologies LP boosted its holdings in Visteon Corporation (NASDAQ:VC - Free Report) by 169.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,505 shares of the company's stock after buying an additional 4,091 shares during the period. Entropy Technologies LP's holdings in Visteon were worth $505,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of VC. Pacer Advisors Inc. boosted its stake in shares of Visteon by 2,402.0% in the first quarter. Pacer Advisors Inc. now owns 271,738 shares of the company's stock worth $21,092,000 after acquiring an additional 260,877 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Visteon by 78.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company's stock valued at $29,850,000 after purchasing an additional 147,685 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Visteon by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after purchasing an additional 124,897 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Visteon by 74.9% during the 4th quarter. Bank of America Corp DE now owns 185,573 shares of the company's stock valued at $16,464,000 after purchasing an additional 79,444 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Visteon by 146.3% during the 4th quarter. Renaissance Technologies LLC now owns 128,300 shares of the company's stock valued at $11,383,000 after purchasing an additional 76,200 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VC has been the subject of several research reports. Guggenheim dropped their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird raised shares of Visteon from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $96.00 to $125.00 in a report on Friday, July 11th. Wolfe Research raised shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price objective for the company in a report on Wednesday, July 2nd. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Finally, Wells Fargo & Company increased their price target on shares of Visteon from $106.00 to $129.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visteon has a consensus rating of "Moderate Buy" and an average price target of $116.00.

Insider Buying and Selling

In other news, SVP Joao Paulo Ribeiro sold 710 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the transaction, the senior vice president directly owned 6,698 shares of the company's stock, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total transaction of $200,300.00. Following the transaction, the senior vice president directly owned 20,838 shares in the company, valued at approximately $2,086,925.70. This trade represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Visteon Stock Performance

Visteon stock opened at $123.44 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $123.78. The firm has a market capitalization of $3.37 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 4.72 and a beta of 1.22. The company's 50-day moving average is $103.37 and its 200 day moving average is $88.87.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.35. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The company had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. During the same period in the prior year, the company posted $2.54 EPS. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. Research analysts forecast that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.9%. Visteon's dividend payout ratio (DPR) is 10.49%.

Visteon Company Profile

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.

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