Royce & Associates LP Grows Position in Visteon Corporation $VC

Royce & Associates LP boosted its holdings in Visteon Corporation (NASDAQ:VC) by 11.7% in the 4th quarter, HoldingsChannel reports. The fund owned 295,611 shares of the company’s stock after acquiring an additional 30,897 shares during the quarter. Royce & Associates LP’s holdings in Visteon were worth $28,113,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of 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 in the last quarter. Cullen Frost Bankers Inc. purchased a new position in Visteon in the third quarter worth $30,000. Plato Investment Management Ltd purchased a new position in Visteon in the third quarter worth $48,000. Hantz Financial Services Inc. raised its position in Visteon by 72.0% in the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after acquiring an additional 177 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Visteon in the third quarter valued at $54,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

VC opened at $113.47 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.03 billion, a P/E ratio of 13.82, a PEG ratio of 1.43 and a beta of 1.26. Visteon Corporation has a 52 week low of $81.18 and a 52 week high of $129.10. The business’s fifty day simple moving average is $100.12 and its 200 day simple moving average is $99.25.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The company had revenue of $954.00 million for 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 firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.47 EPS. As a group, equities research analysts anticipate that Visteon Corporation will post 8.54 EPS for the current fiscal year.

Visteon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.3%. Visteon’s dividend payout ratio (DPR) is presently 18.27%.

Insiders Place Their Bets

In other Visteon news, CAO Colleen Elizabeth Myers sold 475 shares of the firm’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 sale, the chief accounting officer directly owned 241 shares of the company’s stock, valued at approximately $26,731.72. This trade represents a 66.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sachin Lawande sold 38,817 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $113.63, for a total value of $4,410,775.71. Following the completion of the sale, the chief executive officer directly owned 193,822 shares in the company, valued at approximately $22,023,993.86. The trade was a 16.69% 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 ninety days, insiders have sold 99,754 shares of company stock worth $10,296,332. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

VC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $117.00 target price on Visteon in a report on Friday, February 20th. Robert W. Baird upped their target price on Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, April 24th. The Goldman Sachs Group upped 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. UBS Group upped their target price on Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. lowered their target price on Visteon from $110.00 to $108.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Visteon has a consensus rating of “Moderate Buy” and a consensus target price of $124.42.

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.