WINTON GROUP Ltd Acquires 9,106 Shares of Visteon Corporation $VC

WINTON GROUP Ltd grew its holdings in Visteon Corporation (NASDAQ:VC) by 63.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,460 shares of the company’s stock after acquiring an additional 9,106 shares during the quarter. WINTON GROUP Ltd owned 0.09% of Visteon worth $2,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Visteon by 389.3% in the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock valued at $1,707,000 after purchasing an additional 17,497 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Visteon by 31.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock worth $19,371,000 after purchasing an additional 59,764 shares during the period. Amundi increased its holdings in shares of Visteon by 1.3% during the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after purchasing an additional 86 shares during the period. Jump Financial LLC raised its position in shares of Visteon by 43.0% during the second quarter. Jump Financial LLC now owns 16,833 shares of the company’s stock valued at $1,571,000 after buying an additional 5,059 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Visteon in the second quarter valued at about $1,150,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Performance

NASDAQ VC opened at $100.93 on Friday. Visteon Corporation has a twelve month low of $83.49 and a twelve month high of $128.87. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.69 billion, a P/E ratio of 13.19, a PEG ratio of 0.65 and a beta of 1.30. The company’s 50-day simple moving average is $104.17 and its 200 day simple moving average is $103.73.

Visteon (NASDAQ:VC) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $955.78 million. During the same period in the previous year, the firm posted $2.39 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts forecast that Visteon Corporation will post 8.41 earnings per share for the current fiscal year.

Visteon Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VC shares. Robert W. Baird reissued a “neutral” rating and set a $121.00 target price on shares of Visteon in a research report on Friday, June 26th. JPMorgan Chase & Co. upped their price target on Visteon from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Barclays upgraded Visteon from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $115.00 to $145.00 in a research report on Monday, June 22nd. TD Cowen lifted their price objective on Visteon from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Royal Bank Of Canada lowered their price objective on Visteon from $130.00 to $129.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.45.

About Visteon

Visteon Corporation (NASDAQ:VC) is a global automotive technology company that develops and supplies electronic products and software for vehicle manufacturers. Its solutions are designed to support the transition toward connected, digital and software-defined vehicles.

The company’s product portfolio includes digital instrument clusters, vehicle information displays, infotainment systems, cockpit domain controllers and connected-car technologies. Visteon also develops battery-management systems and other electronics used in electric and hybrid vehicles, as well as climate-control and thermal-management electronics for automotive applications.

Visteon was established in 2000 after being spun off from Ford Motor Company and is headquartered in Van Buren Township, Michigan.