Intech Investment Management LLC Sells 43,639 Shares of Visteon Corporation $VC

Intech Investment Management LLC lowered its position in Visteon Corporation (NASDAQ:VC) by 38.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 69,193 shares of the company’s stock after selling 43,639 shares during the quarter. Intech Investment Management LLC’s holdings in Visteon were worth $6,580,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Visteon by 144.1% during the fourth 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. Plato Investment Management Ltd bought a new position in shares of Visteon in the third quarter worth about $48,000. Hantz Financial Services Inc. boosted its stake in shares of Visteon by 72.0% in the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after acquiring an additional 177 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Visteon in the third quarter worth about $54,000. Finally, Clearstead Advisors LLC grew its position in shares of Visteon by 183.7% during the fourth quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock worth $55,000 after purchasing an additional 373 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Activity at Visteon

In other news, CAO Colleen Elizabeth Myers sold 475 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total value of $52,687.00. Following the sale, the chief accounting officer directly owned 241 shares in the company, valued at $26,731.72. The trade was a 66.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sachin Lawande sold 38,817 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $113.63, for a total transaction of $4,410,775.71. Following the sale, the chief executive officer owned 193,822 shares in the company, valued at $22,023,993.86. This represents a 16.69% 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 100,354 shares of company stock valued at $10,367,708 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

Visteon Price Performance

NASDAQ:VC opened at $118.29 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $3.16 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.49 and a beta of 1.26. Visteon Corporation has a 12 month low of $81.18 and a 12 month high of $129.10. The business’s 50-day moving average is $102.53 and its 200 day moving average is $99.64.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.31). The firm had revenue of $954.00 million for 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 business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 EPS. On average, equities research analysts forecast that Visteon Corporation will post 8.54 earnings per share for the current fiscal year.

Visteon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a yield of 1.3%. Visteon’s dividend payout ratio is presently 18.27%.

Analysts Set New Price Targets

A number of research analysts recently commented on VC shares. UBS Group boosted their price target on Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada reduced their price objective on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $117.00 target price on shares of Visteon in a report on Friday, February 20th. Wolfe Research upgraded shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Monday, April 27th. Finally, Robert W. Baird raised their target price on shares of Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and an average target price of $124.42.

Visteon 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.