American Century Companies Inc. Sells 230,226 Shares of Visteon Corporation $VC

American Century Companies Inc. trimmed its stake in shares of Visteon Corporation (NASDAQ:VC) by 10.4% in the 3rd quarter, Holdings Channel reports. The firm owned 1,992,325 shares of the company’s stock after selling 230,226 shares during the period. American Century Companies Inc. owned 0.07% of Visteon worth $238,800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Visteon by 64.6% during the third quarter. Principal Financial Group Inc. now owns 422,392 shares of the company’s stock valued at $50,628,000 after purchasing an additional 165,729 shares during the period. Bridgeway Capital Management LLC bought a new stake in Visteon during the 2nd quarter worth approximately $15,156,000. Empowered Funds LLC purchased a new position in Visteon during the second quarter valued at approximately $13,796,000. Covalis Capital LLP lifted its holdings in Visteon by 117.1% during the second quarter. Covalis Capital LLP now owns 268,613 shares of the company’s stock valued at $25,062,000 after purchasing an additional 144,899 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Visteon in the second quarter worth approximately $10,948,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VC has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Visteon from $148.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on Visteon in a report on Friday, February 20th. The Goldman Sachs Group set a $120.00 price objective on Visteon in a research note on Thursday, January 15th. UBS Group cut their target price on Visteon from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Robert W. Baird lowered their price target on Visteon from $126.00 to $119.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Visteon has a consensus rating of “Moderate Buy” and a consensus price target of $122.15.

Visteon Price Performance

Visteon stock opened at $95.67 on Friday. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $129.10. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $97.51 and its 200 day moving average is $107.83. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 1.15 and a beta of 1.16.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.88. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The firm had revenue of $948.00 million for the quarter, compared to the consensus estimate of $920.25 million. During the same period in the previous year, the firm posted $4.44 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. Sell-side analysts forecast that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.6%. This is a boost from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 2nd. Visteon’s dividend payout ratio (DPR) is currently 11.66%.

Visteon Company 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.