Elo Mutual Pension Insurance Co Invests $1.27 Million in Visteon Corporation $VC

Elo Mutual Pension Insurance Co purchased a new position in Visteon Corporation (NASDAQ:VC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,576 shares of the company’s stock, valued at approximately $1,268,000.

Several other large investors also recently added to or reduced their stakes in the stock. Amundi increased its position in shares of Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after acquiring an additional 86 shares during the period. Arizona State Retirement System grew its stake in Visteon by 2.0% in the third quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock worth $965,000 after purchasing an additional 155 shares in the last quarter. Merit Financial Group LLC increased its holdings in Visteon by 7.4% during the 3rd quarter. Merit Financial Group LLC now owns 2,480 shares of the company’s stock worth $297,000 after purchasing an additional 171 shares during the period. Hantz Financial Services Inc. raised its position in Visteon by 72.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after purchasing an additional 177 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of Visteon by 2.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,044 shares of the company’s stock worth $751,000 after buying an additional 198 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the completion of the sale, the chief executive officer directly owned 175,527 shares in the company, valued at approximately $16,401,242.88. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Visteon Trading Down 1.9%

Shares of NASDAQ:VC opened at $90.60 on Friday. The business’s 50-day moving average is $97.19 and its 200 day moving average is $107.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $129.10. The firm has a market capitalization of $2.43 billion, a P/E ratio of 9.61, a P/E/G ratio of 1.11 and a beta of 1.15.

Visteon (NASDAQ:VC) last issued its quarterly 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. The business had revenue of $948.00 million for the quarter, compared to analyst estimates of $920.25 million. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.44 earnings per share. On average, research analysts predict that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, March 2nd. This is a positive change from Visteon’s previous quarterly dividend of $0.28. Visteon’s dividend payout ratio (DPR) is currently 15.91%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group decreased their price objective on Visteon from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 20th. Barclays reduced their price target on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. 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 research note on Friday, February 20th. The Goldman Sachs Group set a $120.00 price objective on shares of Visteon in a report on Thursday, January 15th. Finally, Robert W. Baird lowered their target price on Visteon from $126.00 to $119.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.15.

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.