Visteon Corporation $VC Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Visteon Corporation (NASDAQ:VC) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 367,820 shares of the company’s stock after selling 6,345 shares during the period. Principal Financial Group Inc. owned approximately 1.38% of Visteon worth $33,512,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Visteon by 144.1% in the 4th 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% during the fourth 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 raised its holdings in Visteon by 183.7% during the fourth quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock worth $55,000 after purchasing an additional 373 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Visteon by 1,195.7% in 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 during the period. Finally, Hantz Financial Services Inc. lifted its position 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 purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity

In other news, SVP Brett D. Pynnonen sold 5,000 shares of the 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 sale, the senior vice president directly owned 8,503 shares in the company, valued at $1,020,360. This represents a 37.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $118.96, for a total transaction of $71,376.00. Following the transaction, the senior vice president directly owned 389 shares of the company’s stock, valued at approximately $46,275.44. This trade represents a 60.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,901 shares of company stock worth $6,699,220 in the last three months. Company insiders own 2.00% of the company’s stock.

Visteon Stock Performance

VC opened at $104.85 on Monday. Visteon Corporation has a 1-year low of $83.49 and a 1-year high of $129.10. The stock has a market cap of $2.80 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.79 and a beta of 1.29. The stock’s 50 day simple moving average is $111.88 and its 200 day simple moving average is $102.02. 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 posted its earnings results on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The firm had revenue of $954.00 million for the quarter, compared to analysts’ expectations of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.47 earnings per share. As a group, equities analysts anticipate that Visteon Corporation will post 8.67 EPS for the current fiscal year.

Visteon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.375 per share. 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 18.27%.

Wall Street Analysts Forecast Growth

VC has been the topic of several recent analyst reports. Robert W. Baird reiterated a “neutral” rating and set a $121.00 target price on shares of Visteon in a research report on Friday, June 26th. Wells Fargo & Company reduced their price target on Visteon from $139.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, June 25th. Wall Street Zen downgraded Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. UBS Group upped their price objective on Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Wolfe Research raised Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Monday, April 27th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Visteon has an average rating of “Moderate Buy” and a consensus target price of $135.46.

About Visteon

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.