Visteon Corporation $VC Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in shares of Visteon Corporation (NASDAQ:VC) by 15.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 772,648 shares of the company’s stock after selling 146,499 shares during the quarter. Wellington Management Group LLP owned 2.89% of Visteon worth $76,654,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of VC. Royal Bank of Canada increased its holdings in Visteon by 389.3% in the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after buying an additional 17,497 shares during the period. Goldman Sachs Group Inc. lifted its position in Visteon by 31.5% during the first quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after purchasing an additional 59,764 shares during the period. Amundi lifted its holdings in shares of Visteon by 1.3% in the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after buying an additional 86 shares during the period. Jump Financial LLC lifted its holdings in Visteon by 43.0% in the second quarter. Jump Financial LLC now owns 16,833 shares of the company’s stock valued at $1,571,000 after acquiring an additional 5,059 shares during the period. Finally, Cerity Partners LLC purchased a new stake in Visteon during the second quarter worth $1,150,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visteon

In other news, SVP Brett D. Pynnonen sold 5,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,000.00. Following the completion of the transaction, the senior vice president directly owned 8,503 shares in the company, valued at approximately $1,020,360. This represents a 37.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Wells Fargo & Company dropped their price objective on shares of Visteon from $137.00 to $134.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a report on Wednesday, July 29th. Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Morgan Stanley increased their price target on Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. Ten 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 company has a consensus rating of “Moderate Buy” and an average price target of $135.54.

Visteon Stock Up 1.0%

Shares of NASDAQ VC opened at $101.72 on Thursday. The company has a market capitalization of $2.71 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. The company has a 50 day simple moving average of $104.24 and a 200-day simple moving average of $103.74. Visteon Corporation has a 1 year low of $83.49 and a 1 year high of $129.10.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). The business had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.39 earnings per share. On average, equities research analysts predict that Visteon Corporation will post 8.41 earnings per share for the current year.

Visteon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Visteon’s dividend payout ratio is 19.61%.

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.