D.A. Davidson & CO. Purchases New Stake in Visteon Corporation $VC

D.A. Davidson & CO. acquired a new position in shares of Visteon Corporation (NASDAQ:VC) in the 1st quarter, Holdings Channel.com reports. The firm acquired 12,074 shares of the company’s stock, valued at approximately $1,100,000.

A number of other large investors have also recently bought and sold shares of VC. SBI Okasan Asset Management Co.Ltd. bought a new position in Visteon in the fourth quarter valued at approximately $1,562,000. Pacer Advisors Inc. raised its position in Visteon by 10.1% during the fourth quarter. Pacer Advisors Inc. now owns 141,188 shares of the company’s stock valued at $13,427,000 after purchasing an additional 12,998 shares in the last quarter. Vest Financial LLC bought a new stake in Visteon during the fourth quarter worth $1,422,000. Leuthold Group LLC lifted its stake in Visteon by 54.7% during the fourth quarter. Leuthold Group LLC now owns 40,502 shares of the company’s stock worth $3,852,000 after purchasing an additional 14,319 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Visteon by 11.7% in the 4th quarter. Royce & Associates LP now owns 295,611 shares of the company’s stock valued at $28,113,000 after purchasing an additional 30,897 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Down 0.8%

Shares of NASDAQ:VC opened at $103.16 on Thursday. Visteon Corporation has a 52-week low of $83.49 and a 52-week high of $129.10. The company has a market capitalization of $2.75 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.78 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73. The company has a fifty day moving average of $111.14 and a 200-day moving average of $102.18.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The firm had revenue of $954.00 million for the quarter, compared to the consensus estimate of $901.33 million. During the same quarter in the prior year, the firm earned $2.47 EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that Visteon Corporation will post 8.67 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 paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, June 1st. Visteon’s dividend payout ratio (DPR) is presently 18.27%.

Insider Activity

In other news, CAO Colleen Elizabeth Myers sold 475 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $110.92, for a total transaction of $52,687.00. Following the sale, the chief accounting officer directly owned 241 shares in the company, valued at approximately $26,731.72. The trade was a 66.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sachin Lawande sold 38,817 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $113.63, for a total value of $4,410,775.71. Following the completion of the transaction, the chief executive officer directly owned 193,822 shares of the company’s stock, valued at $22,023,993.86. This represents a 16.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 47,892 shares of company stock valued at $5,487,239. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Morgan Stanley boosted their target price on Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. UBS Group increased their target price on shares of Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.46.

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.