Quantinno Capital Management LP Increases Stock Holdings in Visteon Corporation $VC

Key Points

• Quantinno Capital Management increased its Visteon stake by 368.6% in the first quarter, owning 29,482 shares valued at approximately $2.69 million. Institutional investors collectively hold 99.71% of the company’s stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $135.15; 10 analysts rate the stock Buy and five rate it Hold.
• Visteon’s latest quarterly results were mixed: revenue of $960 million slightly exceeded expectations, but EPS of $1.91 missed consensus by $0.30 and declined from $2.39 a year earlier. Insiders also sold 8,600 shares worth about $1.02 million during the last quarter.

Quantinno Capital Management LP raised its stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 368.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,482 shares of the company's stock after purchasing an additional 23,190 shares during the quarter. Quantinno Capital Management LP owned approximately 0.11% of Visteon worth $2,686,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of VC. Royal Bank of Canada raised its stake in Visteon by 389.3% in the first quarter. Royal Bank of Canada now owns 21,992 shares of the company's stock worth $1,707,000 after buying an additional 17,497 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Visteon by 31.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company's stock worth $19,371,000 after acquiring an additional 59,764 shares during the period. Amundi raised its position in shares of Visteon by 1.3% in the 2nd quarter. Amundi now owns 6,862 shares of the company's stock worth $706,000 after acquiring an additional 86 shares in the last quarter. Jump Financial LLC raised its position in shares of Visteon by 43.0% in the 2nd quarter. Jump Financial LLC now owns 16,833 shares of the company's stock worth $1,571,000 after acquiring an additional 5,059 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in shares of Visteon in the 2nd quarter valued at approximately $1,150,000. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

VC has been the topic of several research reports. Wells Fargo & Company dropped their price target on Visteon from $137.00 to $134.00 and set an "overweight" rating on the stock in a research report on Friday, July 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Visteon in a research report on Wednesday, July 29th. Royal Bank Of Canada dropped their target price on shares of Visteon from $130.00 to $129.00 and set an "outperform" rating on the stock in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Visteon from $133.00 to $132.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Finally, Barclays upgraded shares of Visteon from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $115.00 to $145.00 in a research note on Monday, June 22nd. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $135.15.

Insider Buying and Selling

In related news, SVP Seungkyung Kim sold 600 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the sale, the senior vice president directly owned 389 shares of the company's stock, valued at approximately $46,275.44. This represents a 60.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Brett D. Pynnonen sold 5,000 shares of the firm's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. Following the sale, the senior vice president owned 8,503 shares of the company's stock, valued at approximately $1,020,360. This represents a 37.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,600 shares of company stock worth $1,023,776 in the last quarter. Corporate insiders own 2.00% of the company's stock.

Visteon Stock Performance

Visteon stock opened at $104.13 on Monday. Visteon Corporation has a twelve month low of $83.49 and a twelve month high of $129.10. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.78 billion, a P/E ratio of 13.61, a PEG ratio of 0.67 and a beta of 1.29. The stock's 50 day moving average is $109.07 and its 200 day moving average is $102.65.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.58% and a return on equity of 14.61%. The company had revenue of $960.00 million for the quarter, compared to analysts' expectations of $955.78 million. During the same quarter in the previous year, the firm posted $2.39 EPS. The firm's quarterly revenue was down .9% compared to the same quarter last year. On average, equities research analysts predict that Visteon Corporation will post 8.49 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. Visteon's payout ratio is currently 19.61%.

Visteon Company Profile

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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