Sei Investments Co. Has $5.96 Million Stock Position in Visteon Corporation $VC

Sei Investments Co. boosted its holdings in shares of Visteon Corporation (NASDAQ:VC) by 57.8% in the 1st quarter, Holdings Channel reports. The firm owned 65,426 shares of the company’s stock after buying an additional 23,977 shares during the period. Sei Investments Co.’s holdings in Visteon were worth $5,961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of VC. Farther Finance Advisors LLC raised its holdings in shares of 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 buying an additional 170 shares in the last quarter. UMB Bank n.a. boosted its stake in Visteon by 32.1% in the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after buying an additional 123 shares in the last quarter. Clearstead Advisors LLC grew its position in Visteon by 183.7% in the fourth quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock valued at $55,000 after acquiring an additional 373 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Visteon by 1,195.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock valued at $57,000 after acquiring an additional 550 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Visteon by 54.8% during the fourth quarter. Hantz Financial Services Inc. now owns 655 shares of the company’s stock worth $62,000 after acquiring an additional 232 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Robert R. Vallance sold 1,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $119.40, for a total value of $119,400.00. Following the completion of the sale, the senior vice president directly owned 17,469 shares in the company, valued at $2,085,798.60. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brett D. Pynnonen sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the senior vice president directly owned 8,503 shares of the company’s stock, valued at approximately $1,020,360. This represents a 37.03% 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 have sold 8,600 shares of company stock valued at $1,023,776 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Visteon Price Performance

Visteon stock opened at $105.40 on Wednesday. The stock has a 50-day moving average price of $109.95 and a two-hundred day moving average price of $102.46. Visteon Corporation has a 12 month low of $83.49 and a 12 month high of $129.10. The company has a market capitalization of $2.81 billion, a PE ratio of 13.78, a P/E/G ratio of 0.67 and a beta of 1.29. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a return on equity of 14.61% and a net margin of 5.58%.The firm had revenue of $960.00 million for the quarter, compared to the consensus estimate of $955.78 million. During the same quarter last year, the firm posted $2.39 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Analysts expect that Visteon Corporation will post 8.49 EPS for the current year.

Visteon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.375 per share. 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 (DPR) is currently 19.61%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VC. The Goldman Sachs Group increased their target price on shares of Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. UBS Group lifted their price target on shares of Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Robert W. Baird reissued a “neutral” rating and issued a $121.00 price objective on shares of Visteon in a research note on Friday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada cut their target price on shares of Visteon from $130.00 to $129.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Visteon has an average rating of “Moderate Buy” and a consensus target price of $135.15.

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.