Leuthold Group LLC Buys 14,319 Shares of Visteon Corporation $VC

Leuthold Group LLC increased its stake in Visteon Corporation (NASDAQ:VC) by 54.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,502 shares of the company’s stock after buying an additional 14,319 shares during the quarter. Leuthold Group LLC’s holdings in Visteon were worth $3,852,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Visteon by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock worth $343,267,000 after buying an additional 12,903 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Visteon by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,181,415 shares of the company’s stock worth $141,606,000 after buying an additional 4,734 shares during the last quarter. Victory Capital Management Inc. lifted its position in Visteon by 8.6% in the third quarter. Victory Capital Management Inc. now owns 1,147,059 shares of the company’s stock worth $137,486,000 after buying an additional 90,501 shares during the last quarter. State Street Corp lifted its position in Visteon by 3.1% in the second quarter. State Street Corp now owns 1,107,091 shares of the company’s stock worth $103,292,000 after buying an additional 33,155 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Visteon by 20.7% during the third quarter. Ameriprise Financial Inc. now owns 447,799 shares of the company’s stock worth $53,673,000 after purchasing an additional 76,882 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visteon

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total value of $4,620,888.32. Following the transaction, the chief executive officer owned 175,527 shares in the company, valued at $16,401,242.88. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Colleen Elizabeth Myers sold 475 shares of Visteon stock in a transaction dated Tuesday, April 28th. The shares were 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 owned 241 shares in the company, valued at $26,731.72. This trade represents a 66.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 99,754 shares of company stock worth $10,296,332. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

VC has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their target price on Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Wolfe Research upgraded Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Monday, April 27th. Wall Street Zen downgraded Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings upgraded Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, The Goldman Sachs Group lifted their target price on Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Visteon presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.42.

Visteon Stock Down 4.4%

NASDAQ:VC opened at $110.49 on Friday. Visteon Corporation has a twelve month low of $81.18 and a twelve month high of $129.10. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.39 and a beta of 1.26. The stock has a fifty day simple moving average of $97.80 and a 200-day simple moving average of $99.12. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.31). The firm had revenue of $954.00 million for the quarter, compared to analysts’ expectations of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.47 EPS. Analysts anticipate that Visteon Corporation will post 8.54 EPS for the current year.

Visteon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.375 per share. This is an increase from Visteon’s previous quarterly dividend of $0.28. This represents a $1.50 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, March 2nd. Visteon’s payout ratio is 18.27%.

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.