Value Holdings Management CO. LLC Acquires Shares of 56,500 Visteon Corporation $VC

Value Holdings Management CO. LLC acquired a new stake in shares of Visteon Corporation (NASDAQ:VC) during the second quarter, Holdings Channel.com reports. The fund acquired 56,500 shares of the company’s stock, valued at approximately $5,606,000. Visteon accounts for 0.9% of Value Holdings Management CO. LLC’s holdings, making the stock its 21st largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Amundi increased its stake in Visteon by 1.3% during the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after buying an additional 86 shares during the period. Orion Porfolio Solutions LLC raised its stake in shares of Visteon by 1.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after purchasing an additional 97 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Visteon by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock worth $509,000 after acquiring an additional 100 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Visteon by 1.8% in the fourth quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock worth $622,000 after purchasing an additional 116 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Visteon by 32.1% in the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after buying an additional 123 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Visteon from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $145.00 in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. UBS Group boosted their price objective on Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Wolfe Research downgraded Visteon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 28th. Ten research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.54.

Visteon Trading Down 0.5%

Visteon stock opened at $105.34 on Friday. Visteon Corporation has a 52-week low of $83.49 and a 52-week high of $129.10. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 0.68 and a beta of 1.29. The firm has a 50-day moving average price of $106.58 and a two-hundred day moving average price of $103.54.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.30). The firm had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. Visteon’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.39 EPS. Sell-side analysts expect that Visteon Corporation will post 8.41 earnings per share for the current year.

Visteon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 1st. Visteon’s payout ratio is 19.61%.

Insider Buying and Selling

In other news, SVP Brett D. Pynnonen sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were 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 approximately $1,020,360. This represents a 37.03% decrease in their position. 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 that occurred on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the completion of the transaction, the senior vice president owned 389 shares of the company’s stock, valued at $46,275.44. This trade represents a 60.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,600 shares of company stock valued at $1,023,776 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

About Visteon

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.