Yousif Capital Management LLC Sells 279 Shares of Visteon Corporation $VC

Yousif Capital Management LLC lessened its holdings in Visteon Corporation (NASDAQ:VC) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,237 shares of the company’s stock after selling 279 shares during the quarter. Yousif Capital Management LLC’s holdings in Visteon were worth $862,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VC. American Century Companies Inc. boosted its stake in shares of Visteon by 19.3% in the 1st quarter. American Century Companies Inc. now owns 1,727,731 shares of the company’s stock valued at $134,106,000 after purchasing an additional 279,714 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Visteon by 2,402.0% in the 1st quarter. Pacer Advisors Inc. now owns 271,738 shares of the company’s stock valued at $21,092,000 after acquiring an additional 260,877 shares during the period. New Vernon Capital Holdings II LLC acquired a new stake in shares of Visteon in the 1st quarter valued at approximately $17,068,000. Nuveen LLC acquired a new stake in shares of Visteon in the 1st quarter valued at approximately $15,612,000. Finally, Walleye Capital LLC raised its position in shares of Visteon by 2,881.5% in the 1st quarter. Walleye Capital LLC now owns 164,102 shares of the company’s stock valued at $12,738,000 after acquiring an additional 158,598 shares during the period. Institutional investors own 99.71% of the company’s stock.

Insider Activity at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president owned 18,838 shares of the company’s stock, valued at $2,260,560. This trade represents a 9.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Francis M. Scricco sold 4,350 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $120.53, for a total transaction of $524,305.50. Following the completion of the sale, the director directly owned 2,792 shares in the company, valued at approximately $336,519.76. The trade was a 60.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,102 shares of company stock valued at $1,338,295. 2.00% of the stock is owned by corporate insiders.

Visteon Price Performance

Shares of VC opened at $115.36 on Thursday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 11.00, a P/E/G ratio of 2.78 and a beta of 1.22. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $129.10. The company has a 50 day moving average of $121.53 and a 200-day moving average of $102.10. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.35. The company had revenue of $969.00 million during the quarter, compared to analysts’ expectations of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the business earned $2.54 EPS. As a group, equities research analysts forecast that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 18th. Visteon’s dividend payout ratio (DPR) is currently 10.49%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VC. Bank of America increased their price target on shares of Visteon from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Morgan Stanley increased their price target on shares of Visteon from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Baird R W upgraded shares of Visteon from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 11th. Royal Bank Of Canada restated an “outperform” rating and set a $136.00 target price on shares of Visteon in a report on Friday, October 10th. Finally, Cfra Research downgraded shares of Visteon from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.38.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.