7,760 Shares in Visteon Corporation $VC Bought by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Visteon Corporation (NASDAQ:VC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,760 shares of the company’s stock, valued at approximately $707,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Visteon during the 4th quarter worth about $1,562,000. Pacer Advisors Inc. increased its position in shares of Visteon by 10.1% in the fourth quarter. Pacer Advisors Inc. now owns 141,188 shares of the company’s stock valued at $13,427,000 after acquiring an additional 12,998 shares during the last quarter. Vest Financial LLC acquired a new stake in shares of Visteon in the fourth quarter valued at about $1,422,000. Leuthold Group LLC raised its holdings in Visteon by 54.7% during the fourth quarter. Leuthold Group LLC now owns 40,502 shares of the company’s stock worth $3,852,000 after acquiring an additional 14,319 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in Visteon by 11.7% during the fourth quarter. Royce & Associates LP now owns 295,611 shares of the company’s stock worth $28,113,000 after acquiring an additional 30,897 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Up 1.3%

Shares of VC stock opened at $106.93 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.45 and a current ratio of 1.78. The firm’s 50-day moving average is $110.67 and its 200-day moving average is $102.29. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.80 and a beta of 1.29. Visteon Corporation has a 52-week low of $83.49 and a 52-week high of $129.10.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a net margin of 5.58% and a return on equity of 14.61%. The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. During the same quarter last year, the business posted $2.39 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts predict that Visteon Corporation will post 8.6 EPS for the current year.

Visteon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.375 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.50 annualized dividend and a yield of 1.4%. Visteon’s dividend payout ratio is currently 19.61%.

Insider Activity

In other news, SVP Brett D. Pynnonen sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $120.00, for a total value of $600,000.00. Following the completion of the sale, the senior vice president directly owned 8,503 shares of the company’s stock, valued at $1,020,360. This trade represents a 37.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of Visteon stock in a transaction that occurred 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 $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 8,600 shares of company stock valued at $1,023,776 over the last three months. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on VC shares. JPMorgan Chase & Co. raised Visteon from a “neutral” rating to an “overweight” rating and increased their price target for the company from $108.00 to $165.00 in a research report on Monday, June 22nd. Royal Bank Of Canada lowered their price target on Visteon from $130.00 to $129.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Weiss Ratings upgraded Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. UBS Group increased their price objective on Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Wolfe Research cut shares of Visteon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.15.

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.