Visteon Corporation $VC Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in Visteon Corporation (NASDAQ:VC) by 10.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 141,188 shares of the company’s stock after acquiring an additional 12,998 shares during the period. Pacer Advisors Inc.’s holdings in Visteon were worth $13,427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dean Capital Management acquired a new stake in shares of Visteon during the third quarter worth about $4,256,000. Legato Capital Management LLC purchased a new stake in shares of Visteon in the 3rd quarter valued at about $2,664,000. Intech Investment Management LLC boosted its position in shares of Visteon by 120.4% in the 3rd quarter. Intech Investment Management LLC now owns 112,832 shares of the company’s stock valued at $13,524,000 after purchasing an additional 61,628 shares during the period. Vanguard Group Inc. boosted its position in shares of Visteon by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock valued at $343,267,000 after purchasing an additional 12,903 shares during the period. Finally, Granite Investment Partners LLC purchased a new position in Visteon during the 3rd quarter worth approximately $9,771,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on VC shares. Wells Fargo & Company lifted their price target on Visteon from $125.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Robert W. Baird increased their price objective on Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen cut shares of Visteon from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings raised shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $125.67.

Visteon Price Performance

Shares of VC opened at $113.81 on Friday. Visteon Corporation has a fifty-two week low of $83.49 and a fifty-two week high of $129.10. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.43 and a beta of 1.26. The firm has a 50-day simple moving average of $111.08 and a 200-day simple moving average of $101.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The company had revenue of $954.00 million for the quarter, compared to analysts’ expectations of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.47 EPS. On average, equities research analysts anticipate that Visteon Corporation will post 8.54 earnings per share for the current year.

Visteon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, June 1st. Visteon’s dividend payout ratio (DPR) is 18.27%.

Insider Buying and Selling

In other news, SVP Robert R. Vallance sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $116.50, for a total transaction of $233,000.00. Following the completion of the sale, the senior vice president owned 18,469 shares in the company, valued at $2,151,638.50. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of the stock in a transaction on Tuesday, April 28th. The stock was 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 of the company’s stock, valued at approximately $26,731.72. This represents a 66.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 58,901 shares of company stock worth $6,699,220. 2.00% of the stock is currently owned by insiders.

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.