Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 6,539 Visteon Corporation $VC

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Visteon Corporation (NASDAQ:VC) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,539 shares of the company’s stock, valued at approximately $596,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. UMB Bank n.a. raised its stake 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 in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Visteon by 183.7% during the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock worth $55,000 after acquiring an additional 373 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Visteon by 1,195.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock valued at $57,000 after acquiring an additional 550 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Visteon by 54.8% in the fourth quarter. Hantz Financial Services Inc. now owns 655 shares of the company’s stock valued at $62,000 after acquiring an additional 232 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group raised their price target on shares of Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a research report on Wednesday. Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $115.00 to $145.00 in a research note on Monday, June 22nd. Wolfe Research lowered Visteon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen cut Visteon from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Visteon currently has an average rating of “Moderate Buy” and a consensus price target of $135.15.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Robert R. Vallance sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $119.40, for a total value of $119,400.00. Following the completion of the transaction, the senior vice president directly owned 17,469 shares of the company’s stock, valued at approximately $2,085,798.60. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 company’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 transaction of $600,000.00. Following the transaction, the senior vice president owned 8,503 shares in the company, valued at $1,020,360. The trade was 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. In the last 90 days, insiders sold 8,600 shares of company stock worth $1,023,776. 2.00% of the stock is currently owned by corporate insiders.

Visteon Stock Performance

VC stock opened at $104.54 on Monday. The business has a fifty day moving average price of $110.33 and a 200 day moving average price of $102.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. Visteon Corporation has a fifty-two week low of $83.49 and a fifty-two week high of $129.10. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.67 and a beta of 1.29.

Visteon (NASDAQ:VC) last announced 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). Visteon had a return on equity of 14.61% and a net margin of 5.58%.The business had revenue of $960.00 million for the quarter, compared to the consensus estimate of $955.78 million. During the same quarter in the previous year, the company posted $2.39 EPS. Visteon’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 fiscal year.

Visteon Dividend Announcement

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

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.