Quantinno Capital Management LP Purchases 23,190 Shares of Visteon Corporation $VC

Quantinno Capital Management LP boosted its position in Visteon Corporation (NASDAQ:VC) by 368.6% during the 1st quarter, HoldingsChannel reports. The firm owned 29,482 shares of the company’s stock after purchasing an additional 23,190 shares during the period. Quantinno Capital Management LP’s holdings in Visteon were worth $2,686,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares during the period. UMB Bank n.a. increased 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 worth $48,000 after purchasing an additional 123 shares in the last quarter. Clearstead Advisors LLC raised its holdings in Visteon by 183.7% in the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock worth $55,000 after purchasing an additional 373 shares during the period. Parkside Financial Bank & Trust lifted its position in Visteon by 1,195.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock valued at $57,000 after purchasing an additional 550 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Visteon by 3,163.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 620 shares of the company’s stock valued at $74,000 after purchasing an additional 601 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Visteon Price Performance

VC stock opened at $104.13 on Monday. Visteon Corporation has a one year low of $83.49 and a one year high of $129.10. The company’s fifty day moving average price is $109.07 and its 200-day moving average price is $102.65. 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 company has a market capitalization of $2.78 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.29.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.30). The company had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $2.39 earnings per share. On average, equities analysts anticipate that Visteon Corporation will post 8.49 EPS for the current fiscal year.

Visteon Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on VC. UBS Group upped their price target on Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. The Goldman Sachs Group boosted their price objective on Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Robert W. Baird reissued a “neutral” rating and issued a $121.00 target price on shares of Visteon in a report on Friday, June 26th. Morgan Stanley raised their target price on shares of Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Finally, Wolfe Research lowered shares of Visteon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, July 28th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Visteon currently has an average rating of “Moderate Buy” and a consensus price target of $135.15.

Insider Transactions at Visteon

In related news, SVP Robert R. Vallance sold 1,000 shares of the stock in a transaction that occurred 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 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. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Brett D. Pynnonen sold 5,000 shares of the firm’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 transaction, the senior vice president owned 8,503 shares of the company’s stock, valued at $1,020,360. This represents a 37.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,600 shares of company stock valued at $1,023,776. 2.00% of the stock is currently owned by insiders.

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.