Sterling Capital Management LLC Sells 6,032 Shares of Visteon Corporation $VC

Sterling Capital Management LLC lowered its holdings in Visteon Corporation (NASDAQ:VC) by 86.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 911 shares of the company’s stock after selling 6,032 shares during the period. Sterling Capital Management LLC’s holdings in Visteon were worth $83,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Dean Capital Management bought a new stake in shares of Visteon during the 3rd quarter worth $4,256,000. SBI Okasan Asset Management Co.Ltd. bought a new position in Visteon during the fourth quarter valued at about $1,562,000. Pacer Advisors Inc. grew 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 buying an additional 12,998 shares during the period. Vest Financial LLC purchased a new stake in Visteon during the fourth quarter worth about $1,422,000. Finally, Leuthold Group LLC increased its holdings 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 buying an additional 14,319 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In other Visteon news, SVP Seungkyung Kim sold 600 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.96, for a total transaction of $71,376.00. Following the sale, the senior vice president owned 389 shares in the company, valued at $46,275.44. This represents a 60.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Colleen Elizabeth Myers sold 475 shares of the firm’s 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 of the company’s stock, valued at $26,731.72. The trade was a 66.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 58,901 shares of company stock worth $6,699,220 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

Visteon Trading Down 1.4%

Shares of Visteon stock opened at $104.29 on Thursday. The stock has a market capitalization of $2.78 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.79 and a beta of 1.29. Visteon Corporation has a 52-week low of $83.49 and a 52-week high of $129.10. 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 stock’s 50-day simple moving average is $112.74 and its 200 day simple moving average is $101.63.

Visteon (NASDAQ:VC) last issued its earnings results 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 business 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 business earned $2.47 EPS. Visteon’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Visteon Corporation will post 8.68 EPS for the current year.

Visteon Dividend Announcement

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

Wall Street Analyst Weigh In

VC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Visteon from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $108.00 to $165.00 in a research note on Monday, June 22nd. Weiss Ratings upgraded shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wolfe Research upgraded shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Monday, April 27th. The Goldman Sachs Group lifted their price target on shares of Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company dropped their price objective on Visteon from $139.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, June 25th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.54.

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.