7,760 Shares in Visteon Corporation $VC Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Visteon Corporation (NASDAQ:VC) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,760 shares of the company’s stock, valued at approximately $707,000.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings 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 purchasing an additional 170 shares during the period. UMB Bank n.a. grew its holdings in shares of Visteon by 32.1% in the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after buying an additional 123 shares during the period. Clearstead Advisors LLC grew its holdings in shares of Visteon by 183.7% in the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock valued at $55,000 after buying an additional 373 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Visteon by 1,195.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock valued at $57,000 after buying an additional 550 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Visteon by 54.8% in the 4th quarter. Hantz Financial Services Inc. now owns 655 shares of the company’s stock valued at $62,000 after buying an additional 232 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings upgraded Visteon from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wolfe Research downgraded Visteon from an “outperform” rating to a “peer perform” rating in a report on Tuesday. Robert W. Baird reaffirmed a “neutral” rating and set a $121.00 price target on shares of Visteon in a research report on Friday, June 26th. UBS Group lifted their price objective on Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Visteon currently has a consensus rating of “Moderate Buy” and an average price target of $135.15.

Insider Activity

In related news, SVP Brett D. Pynnonen sold 5,000 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,000.00. Following the completion of the transaction, the senior vice president directly owned 8,503 shares in the company, valued at approximately $1,020,360. This trade represents a 37.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of Visteon stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total value of $71,376.00. Following the completion of the sale, the senior vice president directly owned 389 shares in the company, valued at approximately $46,275.44. This represents a 60.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,600 shares of company stock worth $1,023,776 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Visteon Trading Up 1.3%

Shares of NASDAQ:VC opened at $106.93 on Wednesday. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.80 and a beta of 1.29. Visteon Corporation has a 12 month low of $83.49 and a 12 month high of $129.10. The company’s fifty day simple moving average is $110.67 and its 200 day simple moving average is $102.29. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last announced its 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). The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. Visteon had a return on equity of 14.61% and a net margin of 5.58%.Visteon’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $2.39 earnings per share. As a group, research analysts forecast that Visteon Corporation will post 8.6 EPS for the current fiscal year.

Visteon Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued 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 payout ratio is 19.61%.

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.