Bridgeway Capital Management LLC Acquires 7,106 Shares of Visteon Corporation $VC

Bridgeway Capital Management LLC boosted its holdings in shares of Visteon Corporation (NASDAQ:VC) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,087 shares of the company’s stock after acquiring an additional 7,106 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Visteon were worth $14,939,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VC. Farther Finance Advisors LLC grew its holdings in Visteon by 144.1% during the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares during the last quarter. UMB Bank n.a. grew its holdings in Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after acquiring an additional 123 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Visteon during the 3rd quarter worth approximately $54,000. Clearstead Advisors LLC grew its holdings in Visteon by 183.7% during the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock worth $55,000 after acquiring an additional 373 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted 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 during the last quarter. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Visteon

In related news, CEO Sachin Lawande sold 38,817 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $113.63, for a total transaction of $4,410,775.71. Following the transaction, the chief executive officer directly owned 193,822 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction 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 transaction, the senior vice president directly owned 18,469 shares in the company, valued at approximately $2,151,638.50. This represents a 9.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 58,901 shares of company stock valued at $6,699,220 over the last 90 days. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of Visteon in a research note on Friday, February 20th. JPMorgan Chase & Co. reduced their price objective on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley set a $115.00 price objective on shares of Visteon in a research note on Monday, April 27th. Robert W. Baird upped their price objective on shares of Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Monday, April 27th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.67.

Visteon Stock Down 1.6%

Shares of NASDAQ VC opened at $110.40 on Thursday. The firm has a market cap of $2.95 billion, a PE ratio of 13.45, a P/E/G ratio of 1.41 and a beta of 1.26. Visteon Corporation has a 12-month low of $83.49 and a 12-month high of $129.10. The company’s fifty day simple moving average is $110.32 and its 200 day simple moving average is $101.01. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.31). The company had revenue of $954.00 million for the quarter, compared to the consensus estimate of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.47 earnings per share. As a group, sell-side analysts forecast that Visteon Corporation will post 8.54 earnings per share for the current fiscal year.

Visteon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors 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 annualized dividend and a yield of 1.4%. Visteon’s dividend payout ratio is currently 18.27%.

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.