Pacer Advisors Inc. Sells 58,080 Shares of Visteon Corporation $VC

Pacer Advisors Inc. decreased its position in Visteon Corporation (NASDAQ:VC) by 31.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,190 shares of the company’s stock after selling 58,080 shares during the quarter. Pacer Advisors Inc. owned 0.47% of Visteon worth $15,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming boosted its position in Visteon by 161.6% during the first quarter. State of Wyoming now owns 3,102 shares of the company’s stock valued at $241,000 after buying an additional 1,916 shares during the period. Graham Capital Management L.P. grew its position in Visteon by 18.0% during the 1st quarter. Graham Capital Management L.P. now owns 24,594 shares of the company’s stock worth $1,909,000 after acquiring an additional 3,758 shares during the last quarter. Royal Bank of Canada increased its stake in Visteon by 389.3% in the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after purchasing an additional 17,497 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Visteon in the first quarter valued at approximately $616,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Visteon by 19.6% during the first quarter. Advisors Asset Management Inc. now owns 6,781 shares of the company’s stock valued at $526,000 after purchasing an additional 1,112 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Visteon

In other news, CEO Sachin Lawande sold 595 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the sale, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at $19,311,480.54. The trade was a 0.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Guggenheim boosted their target price on Visteon from $134.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Finally, JPMorgan Chase & Co. raised their price target on Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Visteon presently has an average rating of “Moderate Buy” and a consensus target price of $133.08.

Visteon Trading Up 0.4%

NASDAQ VC opened at $97.30 on Friday. The firm has a market capitalization of $2.66 billion, a PE ratio of 8.74 and a beta of 1.14. The stock’s 50 day moving average is $103.55 and its 200 day moving average is $110.04. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $129.10. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.07 by $0.08. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $945.41 million. During the same quarter last year, the firm posted $2.26 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Research analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, November 18th. Visteon’s dividend payout ratio (DPR) is presently 9.88%.

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.