Visteon Corporation $VC Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Visteon Corporation (NASDAQ:VC) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,863,897 shares of the company’s stock after buying an additional 12,903 shares during the quarter. Vanguard Group Inc. owned 10.50% of Visteon worth $343,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Visteon by 9.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,051 shares of the company’s stock valued at $486,000 after purchasing an additional 338 shares in the last quarter. Liberty Square Wealth Partners LLC acquired a new position in shares of Visteon in the third quarter worth $223,000. Assetmark Inc. purchased a new stake in shares of Visteon in the third quarter valued at $114,000. Leuthold Group LLC acquired a new position in Visteon in the 3rd quarter valued at about $3,138,000. Finally, Versor Investments LP acquired a new position in shares of Visteon in the third quarter valued at approximately $348,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wolfe Research cut Visteon from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th. Wells Fargo & Company decreased their price target on Visteon from $148.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of Visteon in a research note on Friday, February 20th. Royal Bank Of Canada dropped their price target on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Finally, Barclays decreased their price target on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.15.

Visteon Stock Down 3.1%

Shares of NASDAQ VC opened at $95.67 on Friday. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.19 and a beta of 1.16. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $129.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.80. The stock’s 50-day simple moving average is $97.51 and its 200-day simple moving average is $107.91.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.88. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The business had revenue of $948.00 million during the quarter, compared to analyst estimates of $920.25 million. During the same quarter in the previous year, the firm earned $4.44 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.375 dividend. This is a boost from Visteon’s previous quarterly dividend of $0.28. This represents a $1.50 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, March 2nd. Visteon’s dividend payout ratio is presently 15.91%.

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.