Vest Financial LLC Makes New Investment in Visteon Corporation $VC

Vest Financial LLC purchased a new position in shares of Visteon Corporation (NASDAQ:VC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,950 shares of the company’s stock, valued at approximately $1,422,000. Vest Financial LLC owned 0.05% of Visteon as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amundi grew its position in shares of Visteon by 1.3% during the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after acquiring an additional 86 shares during the period. Orion Porfolio Solutions LLC grew its position in shares of Visteon by 1.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after acquiring an additional 97 shares during the period. Arizona State Retirement System grew its position in shares of Visteon by 2.0% during the 3rd quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock valued at $965,000 after acquiring an additional 155 shares during the period. Farther Finance Advisors LLC grew its position in shares of Visteon by 144.1% during the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares during the period. Finally, Merit Financial Group LLC grew its position in shares of Visteon by 7.4% during the 3rd quarter. Merit Financial Group LLC now owns 2,480 shares of the company’s stock valued at $297,000 after acquiring an additional 171 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Trading Up 3.2%

Shares of Visteon stock opened at $111.71 on Friday. The firm has a market capitalization of $2.98 billion, a PE ratio of 13.61, a P/E/G ratio of 1.37 and a beta of 1.15. Visteon Corporation has a twelve month low of $77.19 and a twelve month high of $129.10. The firm’s 50-day moving average price is $94.59 and its 200 day moving average price is $99.22. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The company had revenue of $954.00 million during the quarter, compared to analysts’ expectations of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.47 earnings per share. On average, sell-side analysts predict that Visteon Corporation will post 8.49 EPS for the current fiscal year.

Visteon Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.50 dividend on an annualized basis and a yield of 1.3%. This is a boost from Visteon’s previous quarterly dividend of $0.28. Visteon’s dividend payout ratio is 18.27%.

Insider Buying and Selling

In other Visteon news, CAO Colleen Elizabeth Myers sold 475 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total value of $52,687.00. Following the transaction, the chief accounting officer directly owned 241 shares of the company’s stock, valued at $26,731.72. This trade represents a 66.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sachin Lawande sold 49,453 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the completion of the transaction, the chief executive officer directly owned 175,527 shares in the company, valued at $16,401,242.88. This trade represents a 21.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 99,754 shares of company stock worth $10,296,332 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company dropped their target price on Visteon from $125.00 to $124.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Robert W. Baird raised their target price on Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. UBS Group raised their target price on Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. The Goldman Sachs Group raised their target price on Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Wolfe Research upgraded Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 target price on the stock in a research report on Monday. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.42.

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.