Y Intercept Hong Kong Ltd Sells 19,478 Shares of Visteon Corporation $VC

Y Intercept Hong Kong Ltd lessened its stake in Visteon Corporation (NASDAQ:VC) by 44.3% in the first quarter, Holdings Channel reports. The firm owned 24,489 shares of the company’s stock after selling 19,478 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Visteon were worth $2,231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in Visteon by 144.1% during the fourth 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. lifted its holdings in shares of Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after acquiring an additional 123 shares during the period. 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 worth $57,000 after acquiring an additional 550 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Visteon by 3,163.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 620 shares of the company’s stock worth $74,000 after acquiring an additional 601 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VC. Wells Fargo & Company decreased their price objective on shares of Visteon from $139.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, June 25th. The Goldman Sachs Group raised their target price on Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on Visteon from $121.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Weiss Ratings raised Visteon from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada boosted their price target on Visteon from $117.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.54.

Insider Activity at Visteon

In related news, SVP Robert R. Vallance sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $119.40, for a total transaction of $119,400.00. Following the sale, the senior vice president owned 17,469 shares in the company, valued at $2,085,798.60. The trade was a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $110.92, for a total value of $52,687.00. Following the completion of the transaction, the chief accounting officer directly owned 241 shares of the company’s stock, valued at approximately $26,731.72. The trade was a 66.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,901 shares of company stock worth $6,699,220 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Visteon Price Performance

VC stock opened at $104.29 on Thursday. The company has a 50 day simple moving average of $112.74 and a 200 day simple moving average of $101.63. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 0.79 and a beta of 1.29. Visteon Corporation has a 1 year low of $83.49 and a 1 year high of $129.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.43.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The company had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.47 EPS. Research analysts anticipate that Visteon Corporation will post 8.68 EPS for the current fiscal year.

Visteon Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, June 1st. Visteon’s dividend payout ratio is presently 18.27%.

Visteon 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.