Visteon Corporation (NASDAQ:VC) Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its stake in Visteon Corporation by 2.2%, now owning approximately 4.44% of the company, valued at around $93.9 million.
• Analysts have mixed views on Visteon, with Wells Fargo and Deutsche Bank raising their price targets significantly, while Wall Street Zen downgraded the stock from "buy" to "hold".
• Visteon announced a quarterly dividend of $0.275, with the ex-dividend date on August 18th, representing an annualized yield of 0.9%.

Invesco Ltd. raised its stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,210,198 shares of the company's stock after acquiring an additional 25,687 shares during the period. Invesco Ltd. owned approximately 4.44% of Visteon worth $93,936,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VC. LPL Financial LLC boosted its holdings in Visteon by 2.6% during the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company's stock valued at $547,000 after acquiring an additional 156 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Visteon by 2.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company's stock worth $756,000 after purchasing an additional 182 shares in the last quarter. Covestor Ltd boosted its stake in shares of Visteon by 9.9% in the first quarter. Covestor Ltd now owns 2,531 shares of the company's stock valued at $196,000 after purchasing an additional 227 shares during the period. Signaturefd LLC grew its holdings in shares of Visteon by 33.5% in the first quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after purchasing an additional 229 shares in the last quarter. Finally, US Bancorp DE increased its stake in Visteon by 3.0% during the 1st quarter. US Bancorp DE now owns 8,111 shares of the company's stock worth $630,000 after buying an additional 239 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on VC shares. Wells Fargo & Company raised their price target on shares of Visteon from $106.00 to $129.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a report on Friday, July 25th. Wall Street Zen downgraded Visteon from a "buy" rating to a "hold" rating in a report on Saturday. Cfra Research lowered Visteon from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 24th. Finally, Morgan Stanley boosted their price objective on Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $116.00.

Insider Buying and Selling at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction 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 completion of the transaction, the senior vice president owned 20,838 shares of the company's stock, valued at $2,086,925.70. The trade was a 8.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Joao Paulo Ribeiro sold 710 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the completion of the sale, the senior vice president directly owned 6,698 shares in the company, valued at approximately $770,872.82. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,710 shares of company stock valued at $522,014 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Visteon Stock Performance

Shares of VC stock opened at $121.01 on Friday. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $123.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 4.70 and a beta of 1.22. The stock's 50-day moving average is $104.90 and its two-hundred day moving average is $89.35.

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

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be given a $0.275 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.10 annualized dividend and a yield of 0.9%.

About Visteon

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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