Emerald Advisers LLC Cuts Holdings in Visteon Corporation $VC

Emerald Advisers LLC lowered its stake in Visteon Corporation (NASDAQ:VC) by 5.4% during the first quarter, Holdings Channel.com reports. The firm owned 110,502 shares of the company’s stock after selling 6,268 shares during the quarter. Emerald Advisers LLC’s holdings in Visteon were worth $10,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Michigan Retirement System boosted its position in shares of Visteon by 3.1% during the 1st quarter. State of Michigan Retirement System now owns 6,607 shares of the company’s stock worth $602,000 after acquiring an additional 200 shares in the last quarter. Fifth Third Bancorp raised its stake in Visteon by 1,782.3% during the 1st quarter. Fifth Third Bancorp now owns 6,588 shares of the company’s stock worth $600,000 after acquiring an additional 6,238 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Visteon by 29.9% in the 1st quarter. Hsbc Holdings PLC now owns 6,298 shares of the company’s stock valued at $569,000 after purchasing an additional 1,449 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Visteon by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock valued at $509,000 after buying an additional 100 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Visteon by 18.1% in the first quarter. QRG Capital Management Inc. now owns 8,095 shares of the company’s stock valued at $737,000 after buying an additional 1,242 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

VC has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Visteon from $139.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, June 25th. JPMorgan Chase & Co. upgraded shares of Visteon from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $108.00 to $165.00 in a research note on Monday, June 22nd. Royal Bank Of Canada lifted their price objective on Visteon from $117.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Weiss Ratings upgraded shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, UBS Group boosted their price objective on shares of Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $135.46.

Visteon Trading Down 2.9%

NASDAQ:VC opened at $103.54 on Tuesday. The company has a market capitalization of $2.76 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 0.80 and a beta of 1.29. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. Visteon Corporation has a 52-week low of $83.49 and a 52-week high of $129.10. The stock has a fifty day simple moving average of $112.47 and a 200-day simple moving average of $101.79.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.31). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The business had revenue of $954.00 million during the quarter, compared to analysts’ expectations of $901.33 million. During the same quarter in the prior year, the firm earned $2.47 earnings per share. Visteon’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts expect that Visteon Corporation will post 8.68 earnings per share for the current fiscal year.

Visteon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. Visteon’s dividend payout ratio (DPR) is presently 18.27%.

Insiders Place Their Bets

In other news, SVP Seungkyung Kim sold 600 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the completion of the sale, the senior vice president directly owned 389 shares of the company’s stock, valued at $46,275.44. The trade was a 60.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Colleen Elizabeth Myers sold 475 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $110.92, for a total value of $52,687.00. Following the completion of the transaction, the chief accounting officer directly owned 241 shares in the company, valued at $26,731.72. This trade represents a 66.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 58,901 shares of company stock valued at $6,699,220. 2.00% of the stock is currently owned by corporate insiders.

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.