WINTON GROUP Ltd Purchases 9,106 Shares of Visteon Corporation $VC

WINTON GROUP Ltd increased its position in shares of Visteon Corporation (NASDAQ:VC) by 63.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,460 shares of the company’s stock after purchasing an additional 9,106 shares during the quarter. WINTON GROUP Ltd’s holdings in Visteon were worth $2,327,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VC. California State Teachers Retirement System grew its stake in Visteon by 9,536.7% during the second quarter. California State Teachers Retirement System now owns 3,150,910 shares of the company’s stock worth $312,602,000 after buying an additional 3,118,213 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Visteon in the second quarter valued at approximately $31,654,000. First Trust Advisors LP boosted its holdings in shares of Visteon by 124.0% in the 1st quarter. First Trust Advisors LP now owns 519,041 shares of the company’s stock worth $47,290,000 after acquiring an additional 287,359 shares in the last quarter. Boston Partners acquired a new position in shares of Visteon in the 4th quarter worth approximately $25,342,000. Finally, Squarepoint Ops LLC bought a new stake in Visteon during the 4th quarter worth approximately $22,361,000. 99.71% of the stock is owned by institutional investors.

Visteon Stock Up 0.4%

Shares of VC opened at $100.93 on Friday. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 0.65 and a beta of 1.30. 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 business’s fifty day moving average price is $104.17 and its two-hundred day moving average price is $103.73. Visteon Corporation has a 52 week low of $83.49 and a 52 week high of $128.87.

Visteon (NASDAQ:VC) last released its 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%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $2.39 earnings per share. On average, analysts predict that Visteon Corporation will post 8.41 earnings per share for the current year.

Visteon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Visteon’s dividend payout ratio (DPR) is presently 19.61%.

Wall Street Analyst Weigh In

VC has been the subject of a number of recent analyst reports. Wall Street Zen cut Visteon from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. JPMorgan Chase & Co. increased their target price on Visteon from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a research note on Wednesday, July 29th. Wolfe Research cut Visteon from an “outperform” rating to a “peer perform” rating in a report on Tuesday, July 28th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $121.00 price target on shares of Visteon in a research report on Friday, June 26th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Visteon has an average rating of “Moderate Buy” and an average target price of $134.45.

Visteon Profile

Visteon Corporation (NASDAQ:VC) is a global automotive technology company that develops and supplies electronic products and software for vehicle manufacturers. Its solutions are designed to support the transition toward connected, digital and software-defined vehicles.

The company’s product portfolio includes digital instrument clusters, vehicle information displays, infotainment systems, cockpit domain controllers and connected-car technologies. Visteon also develops battery-management systems and other electronics used in electric and hybrid vehicles, as well as climate-control and thermal-management electronics for automotive applications.

Visteon was established in 2000 after being spun off from Ford Motor Company and is headquartered in Van Buren Township, Michigan.