Bridgeway Capital Management LLC Acquires 7,106 Shares of Visteon Corporation $VC

Bridgeway Capital Management LLC grew its holdings in Visteon Corporation (NASDAQ:VC) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,087 shares of the company’s stock after acquiring an additional 7,106 shares during the quarter. Bridgeway Capital Management LLC owned 0.58% of Visteon worth $14,939,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VC. Boston Partners acquired a new stake in Visteon in the 4th quarter worth about $25,342,000. Squarepoint Ops LLC acquired a new stake in Visteon in the 4th quarter worth about $22,361,000. First Trust Advisors LP raised its stake in Visteon by 483.0% in the 4th quarter. First Trust Advisors LP now owns 231,682 shares of the company’s stock worth $22,033,000 after purchasing an additional 191,943 shares in the last quarter. Victory Capital Management Inc. raised its stake in Visteon by 16.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock worth $126,902,000 after purchasing an additional 187,347 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Visteon by 253.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 176,830 shares of the company’s stock worth $17,131,000 after purchasing an additional 126,803 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Visteon

In related news, SVP Robert R. Vallance sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $116.50, for a total transaction of $233,000.00. Following the completion of the transaction, the senior vice president directly owned 18,469 shares in the company, valued at $2,151,638.50. This represents a 9.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of the company’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 owned 389 shares of the company’s stock, valued at approximately $46,275.44. This represents a 60.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 58,901 shares of company stock worth $6,699,220 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

Visteon Price Performance

VC stock opened at $110.40 on Thursday. The company has a 50 day simple moving average of $110.32 and a 200 day simple moving average of $101.01. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 1.41 and a beta of 1.26. Visteon Corporation has a 1 year low of $83.49 and a 1 year high of $129.10. 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 released its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share (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 return on equity of 15.93% and a net margin of 5.99%.Visteon’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.47 earnings per share. Research analysts anticipate that Visteon Corporation will post 8.54 EPS for the current fiscal year.

Visteon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 1st. Visteon’s dividend payout ratio is currently 18.27%.

Analysts Set New Price Targets

VC has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of Visteon in a research note on Friday, February 20th. Wells Fargo & Company boosted their target price on shares of Visteon from $125.00 to $139.00 and gave the company an “overweight” rating in a research report on Tuesday, June 2nd. Royal Bank Of Canada dropped their target price on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Finally, Wall Street Zen cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Visteon has a consensus rating of “Moderate Buy” and an average price target of $125.67.

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.