Visteon Corporation $VC Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in Visteon Corporation (NASDAQ:VC) by 15.9% during the second quarter, Holdings Channel reports. The firm owned 772,648 shares of the company’s stock after selling 146,499 shares during the quarter. Wellington Management Group LLP’s holdings in Visteon were worth $76,654,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in VC. Dimensional Fund Advisors LP grew its stake in shares of Visteon by 14.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,403,695 shares of the company’s stock valued at $127,879,000 after buying an additional 175,679 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Visteon by 16.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock worth $126,902,000 after acquiring an additional 187,347 shares in the last quarter. Invesco Ltd. boosted its holdings in Visteon by 8.4% during the 4th quarter. Invesco Ltd. now owns 1,253,628 shares of the company’s stock valued at $119,220,000 after acquiring an additional 97,100 shares during the period. State Street Corp boosted its holdings in Visteon by 3.1% during the 2nd quarter. State Street Corp now owns 1,107,091 shares of the company’s stock valued at $103,292,000 after acquiring an additional 33,155 shares during the period. Finally, Geode Capital Management LLC grew its position in Visteon by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 708,440 shares of the company’s stock valued at $67,381,000 after acquiring an additional 5,151 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Trading Up 1.0%

NASDAQ VC opened at $101.72 on Thursday. The firm’s fifty day moving average price is $104.24 and its 200 day moving average price is $103.74. Visteon Corporation has a 12 month low of $83.49 and a 12 month high of $129.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 0.65 and a beta of 1.30.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). Visteon had a net margin of 5.58% and a return on equity of 14.61%. The company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $955.78 million. During the same period last year, the firm earned $2.39 earnings per share. Visteon’s revenue was down .9% on a year-over-year basis. On average, sell-side analysts expect that Visteon Corporation will post 8.41 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Visteon’s payout ratio is presently 19.61%.

Insider Buying and Selling at Visteon

In related news, SVP Brett D. Pynnonen sold 5,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $120.00, for a total value of $600,000.00. Following the completion of the sale, the senior vice president directly owned 8,503 shares of the company’s stock, valued at $1,020,360. This represents a 37.03% decrease in their position. The sale 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. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Visteon in a research report on Wednesday, July 29th. Robert W. Baird reaffirmed a “neutral” rating and set a $121.00 target price on shares of Visteon in a research note on Friday, June 26th. JPMorgan Chase & Co. increased their target price on shares of Visteon from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Visteon from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Wall Street Zen downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.54.

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.