Value Holdings Management CO. LLC bought a new stake in Visteon Corporation (NASDAQ:VC - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 56,500 shares of the company's stock, valued at approximately $5,606,000. Visteon makes up about 0.9% of Value Holdings Management CO. LLC's investment portfolio, making the stock its 21st largest position. Value Holdings Management CO. LLC owned about 0.21% of Visteon at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in shares of Visteon during the second quarter worth about $31,654,000. Versant Capital Management Inc boosted its stake in Visteon by 58.7% in the 2nd quarter. Versant Capital Management Inc now owns 581 shares of the company's stock worth $58,000 after buying an additional 215 shares during the last quarter. Bank of America Corp DE boosted its stake in Visteon by 130.1% in the 1st quarter. Bank of America Corp DE now owns 396,310 shares of the company's stock worth $36,108,000 after buying an additional 224,097 shares during the last quarter. Edgestream Partners L.P. grew its holdings in Visteon by 355.9% in the 1st quarter. Edgestream Partners L.P. now owns 16,452 shares of the company's stock valued at $1,499,000 after buying an additional 12,843 shares during the period. Finally, Amundi grew its holdings in Visteon by 54.4% in the 1st quarter. Amundi now owns 8,178 shares of the company's stock valued at $745,000 after buying an additional 2,880 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.
Visteon Stock Performance
NASDAQ VC opened at $105.34 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. Visteon Corporation has a 1-year low of $83.49 and a 1-year high of $129.10. The firm has a market capitalization of $2.81 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.68 and a beta of 1.29. The business's 50-day simple moving average is $106.58 and its 200-day simple moving average is $103.54.
Visteon (NASDAQ:VC - Get Free Report) last posted 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 business had revenue of $960.00 million for the quarter, compared to analyst estimates of $955.78 million. During the same period last year, the company posted $2.39 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts predict that Visteon Corporation will post 8.41 EPS for the current year.
Visteon Announces Dividend
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 given 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 1.4%. Visteon's dividend payout ratio is presently 19.61%.
Insider Transactions at Visteon
In other news, SVP Brett D. Pynnonen sold 5,000 shares of the firm's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $120.00, for a total value of $600,000.00. Following the transaction, the senior vice president owned 8,503 shares of the company's stock, valued at approximately $1,020,360. This trade represents a 37.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of Visteon stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the transaction, the senior vice president owned 389 shares in the company, valued at $46,275.44. The trade was a 60.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,600 shares of company stock valued at $1,023,776 over the last 90 days. Corporate insiders own 2.00% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Barclays upgraded shares of Visteon from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $115.00 to $145.00 in a report on Monday, June 22nd. Robert W. Baird reaffirmed a "neutral" rating and set a $121.00 price target on shares of Visteon in a research report on Friday, June 26th. Wolfe Research downgraded shares of Visteon from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Visteon from $133.00 to $132.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Finally, The Goldman Sachs Group boosted their price objective on shares of Visteon from $106.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $135.54.
Check Out Our Latest Research Report on VC
About Visteon
(
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.
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