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

American Century Companies Inc. lessened its holdings in shares of Visteon Corporation (NASDAQ:VC) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,992,325 shares of the company’s stock after selling 230,226 shares during the quarter. American Century Companies Inc. owned 7.30% of Visteon worth $238,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Visteon during the third quarter worth about $30,000. USA Financial Formulas bought a new stake in Visteon during the 3rd quarter worth approximately $44,000. EMC Capital Management acquired a new stake in Visteon during the 2nd quarter worth approximately $45,000. Plato Investment Management Ltd acquired a new stake in Visteon during the 3rd quarter worth approximately $48,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Visteon by 72.0% in the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after buying an additional 177 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VC. Wells Fargo & Company dropped their price objective on shares of Visteon from $148.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Wall Street Zen cut Visteon from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. The Goldman Sachs Group set a $120.00 price target on Visteon in a research note on Thursday, January 15th. Royal Bank Of Canada reduced their price objective on Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Finally, 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. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $122.15.

Visteon Trading Down 3.1%

Shares of VC opened at $95.67 on Friday. The stock has a market capitalization of $2.57 billion, a P/E ratio of 10.15, a PEG ratio of 1.15 and a beta of 1.16. 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 has a fifty day simple moving average of $97.51 and a two-hundred day simple moving average of $107.83. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $129.10.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.88. The firm had revenue of $948.00 million for the quarter, compared to analysts’ expectations of $920.25 million. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.44 earnings per share. On average, research analysts anticipate that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Increases Dividend

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