WINTON GROUP Ltd Purchases Shares of 12,039 Visteon Corporation $VC

WINTON GROUP Ltd bought a new position in shares of Visteon Corporation (NASDAQ:VC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,039 shares of the company’s stock, valued at approximately $1,123,000.

Several other large investors have also recently added to or reduced their stakes in VC. American Century Companies Inc. lifted its holdings in shares of Visteon by 28.6% during the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock worth $207,364,000 after buying an additional 494,820 shares in the last quarter. New Vernon Capital Holdings II LLC acquired a new position in shares of Visteon in the first quarter valued at about $17,068,000. Nuveen LLC bought a new position in Visteon during the first quarter worth about $15,612,000. Walleye Capital LLC raised its stake in Visteon by 2,881.5% in the 1st quarter. Walleye Capital LLC now owns 164,102 shares of the company’s stock worth $12,738,000 after purchasing an additional 158,598 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in Visteon by 40.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 546,099 shares of the company’s stock worth $42,389,000 after purchasing an additional 156,567 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. UBS Group cut their price target on Visteon from $146.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Morgan Stanley increased their price target on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Monday. Bank of America raised their price objective on Visteon from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group set a $150.00 target price on Visteon and gave the company a “buy” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.08.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $103.76 on Thursday. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $129.10. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 2.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. The company’s 50 day simple moving average is $107.45 and its 200 day simple moving average is $108.74.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.08. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The firm had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $945.41 million. During the same period in the prior year, the company earned $2.26 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, research analysts predict that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Tuesday, November 18th were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.10 annualized dividend and a yield of 1.1%. Visteon’s dividend payout ratio (DPR) is 9.88%.

Insiders Place Their Bets

In other Visteon news, CEO Sachin Lawande sold 595 shares of Visteon stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the transaction, the chief executive officer owned 175,527 shares in the company, valued at $19,311,480.54. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by company insiders.

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.