Emerald Advisers LLC Lowers Holdings in Visteon Corporation $VC

Emerald Advisers LLC lessened its stake in Visteon Corporation (NASDAQ:VC) by 5.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,502 shares of the company’s stock after selling 6,268 shares during the period. Emerald Advisers LLC owned about 0.41% of Visteon worth $10,068,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after buying an additional 170 shares in the last quarter. UMB Bank n.a. grew its position in shares of Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after acquiring an additional 123 shares during the period. Clearstead Advisors LLC increased its stake in shares of Visteon by 183.7% in the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock valued at $55,000 after purchasing an additional 373 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Visteon by 1,195.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock valued at $57,000 after purchasing an additional 550 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Visteon by 3,163.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 620 shares of the company’s stock worth $74,000 after purchasing an additional 601 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VC has been the topic of a number of recent analyst reports. Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $115.00 to $145.00 in a research report on Monday, June 22nd. Morgan Stanley increased their target price on Visteon from $115.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. TD Cowen raised their target price on Visteon from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Wells Fargo & Company lowered their price target on Visteon from $139.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, June 25th. Finally, Weiss Ratings upgraded Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.46.

Visteon Stock Down 2.9%

Shares of NASDAQ VC opened at $103.54 on Tuesday. Visteon Corporation has a 12-month low of $83.49 and a 12-month high of $129.10. The stock has a market cap of $2.76 billion, a PE ratio of 12.61, a P/E/G ratio of 0.80 and a beta of 1.29. 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 50-day moving average of $112.47 and a 200 day moving average of $101.79.

Visteon (NASDAQ:VC) last released its 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). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The business had revenue of $954.00 million during the quarter, compared to analysts’ expectations of $901.33 million. During the same period last year, the business earned $2.47 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that Visteon Corporation will post 8.68 EPS for the current fiscal year.

Visteon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a yield of 1.4%. Visteon’s payout ratio is 18.27%.

Insider Transactions at Visteon

In related news, CEO Sachin Lawande sold 38,817 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $113.63, for a total value of $4,410,775.71. Following the completion of the transaction, the chief executive officer directly owned 193,822 shares in the company, valued at approximately $22,023,993.86. This represents a 16.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.96, for a total value of $71,376.00. Following the transaction, the senior vice president owned 389 shares of the company’s stock, valued at approximately $46,275.44. This represents a 60.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,901 shares of company stock valued at $6,699,220 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

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.