Visteon Corporation $VC Shares Acquired by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in Visteon Corporation by 5.2% in Q1, owning approximately 0.25% of the company, valued at around $5.32 million by the end of the quarter.
• Visteon reported $2.39 earnings per share for the last quarter, exceeding analysts' expectations of $2.04, despite a 4.4% decrease in year-over-year revenue.
• The company declared a quarterly dividend of $0.275, set to be paid on September 5th, reflecting an annual yield of 0.9%.

Algert Global LLC boosted its position in Visteon Corporation (NASDAQ:VC - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,568 shares of the company's stock after buying an additional 3,370 shares during the quarter. Algert Global LLC owned approximately 0.25% of Visteon worth $5,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in shares of Visteon by 19.3% in the 1st quarter. American Century Companies Inc. now owns 1,727,731 shares of the company's stock valued at $134,106,000 after buying an additional 279,714 shares during the period. Pacer Advisors Inc. lifted its holdings in 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 last quarter. Nuveen LLC acquired a new position in Visteon in the first quarter valued at approximately $15,612,000. Price T Rowe Associates Inc. MD boosted its stake in Visteon by 78.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company's stock valued at $29,850,000 after acquiring an additional 147,685 shares during the period. Finally, Dimensional Fund Advisors LP raised its position 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 worth $74,886,000 after purchasing an additional 124,897 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Trading Down 0.3%

Shares of VC stock opened at $120.59 on Tuesday. The stock has a 50-day simple moving average of $105.62 and a 200 day simple moving average of $89.65. The stock has a market capitalization of $3.29 billion, a P/E ratio of 11.50, a P/E/G ratio of 4.68 and a beta of 1.22. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $123.78. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.35. The company had revenue of $969.00 million during the quarter, compared to the consensus estimate of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. Visteon's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.54 EPS. On average, sell-side analysts expect that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The firm also recently declared 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%.

Insider Activity at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the company's 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 sale, the senior vice president directly owned 20,838 shares of the company's stock, valued at $2,086,925.70. This represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of the stock in a transaction on Monday, July 28th. The shares were sold at an average price of $115.09, for a total value of $81,713.90. Following the completion of the transaction, the senior vice president owned 6,698 shares of the company's stock, valued at $770,872.82. This trade represents a 9.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,710 shares of company stock worth $522,014. 2.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group restated a "buy" rating and set a $146.00 price objective (up previously from $142.00) on shares of Visteon in a research report on Friday, July 25th. Barclays boosted their price target on shares of Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Wall Street Zen downgraded shares of Visteon from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Wells Fargo & Company upped their target price on shares of Visteon from $106.00 to $129.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Visteon has an average rating of "Moderate Buy" and an average price target of $116.00.

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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