Pacer Advisors Inc. Sells 58,080 Shares of Visteon Corporation $VC

Pacer Advisors Inc. trimmed its position in shares of Visteon Corporation (NASDAQ:VC) by 31.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 128,190 shares of the company’s stock after selling 58,080 shares during the quarter. Pacer Advisors Inc.’s holdings in Visteon were worth $15,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VC. American Century Companies Inc. grew its holdings in shares of Visteon by 28.6% during the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock valued at $207,364,000 after buying an additional 494,820 shares during the last quarter. New Vernon Capital Holdings II LLC purchased a new position in Visteon in the 1st quarter worth approximately $17,068,000. Bridgeway Capital Management LLC bought a new position in Visteon in the 2nd quarter valued at approximately $15,156,000. Empowered Funds LLC bought a new stake in shares of Visteon in the 2nd quarter worth $13,796,000. Finally, Covalis Capital LLP lifted its holdings in shares of Visteon by 117.1% during the second quarter. Covalis Capital LLP now owns 268,613 shares of the company’s stock valued at $25,062,000 after purchasing an additional 144,899 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on VC. Wall Street Zen downgraded Visteon from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Royal Bank Of Canada lifted their price target on shares of Visteon from $136.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. JPMorgan Chase & Co. boosted their price objective on shares of Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Wells Fargo & Company cut their target price on shares of Visteon from $151.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Finally, Guggenheim boosted their target price on shares of Visteon from $134.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $133.08.

Insider Buying and Selling at Visteon

In related news, CEO Sachin Lawande sold 595 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the transaction, the chief executive officer directly owned 175,527 shares in the company, valued at approximately $19,311,480.54. The trade was a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

Visteon Stock Up 0.4%

Shares of VC stock opened at $97.30 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $129.10. The stock has a market cap of $2.66 billion, a P/E ratio of 8.74 and a beta of 1.14. The company has a 50 day simple moving average of $103.55 and a two-hundred day simple moving average of $110.04.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, October 23rd. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. The company had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $945.41 million. Visteon had a return on equity of 21.85% and a net margin of 8.22%.Visteon’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $2.26 EPS. On average, research analysts expect that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, November 18th. Visteon’s payout ratio is presently 9.88%.

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.