Visteon Corporation $VC Stock Holdings Lowered by Legato Capital Management LLC

Legato Capital Management LLC reduced its holdings in Visteon Corporation (NASDAQ:VC) by 76.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,247 shares of the company’s stock after selling 16,978 shares during the quarter. Legato Capital Management LLC’s holdings in Visteon were worth $499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in VC. Principal Financial Group Inc. raised its holdings in shares of Visteon by 64.6% in the 3rd quarter. Principal Financial Group Inc. now owns 422,392 shares of the company’s stock worth $50,628,000 after purchasing an additional 165,729 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Visteon by 253.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 176,830 shares of the company’s stock valued at $17,131,000 after acquiring an additional 126,803 shares during the period. AQR Capital Management LLC raised its holdings in shares of Visteon by 62.4% during the second quarter. AQR Capital Management LLC now owns 297,829 shares of the company’s stock valued at $27,787,000 after acquiring an additional 114,470 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Visteon by 8.6% during the third quarter. Victory Capital Management Inc. now owns 1,147,059 shares of the company’s stock valued at $137,486,000 after acquiring an additional 90,501 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Visteon during the second quarter valued at approximately $8,047,000. 99.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visteon

In related news, CAO Colleen Elizabeth Myers sold 475 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total transaction of $52,687.00. Following the completion of the transaction, the chief accounting officer directly owned 241 shares in the company, valued at $26,731.72. This represents a 66.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sachin Lawande sold 38,817 shares of the stock in a transaction on Friday, April 24th. The shares were sold at an average price of $113.63, for a total transaction of $4,410,775.71. Following the completion of the transaction, the chief executive officer owned 193,822 shares of the company’s stock, valued at approximately $22,023,993.86. This represents a 16.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 99,754 shares of company stock valued at $10,296,332. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

VC has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. JPMorgan Chase & Co. cut their price target on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. The Goldman Sachs Group boosted their price target on shares of Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Morgan Stanley set a $115.00 price target on shares of Visteon in a report on Monday, April 27th. Finally, Robert W. Baird boosted their price target on shares of Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.42.

Visteon Stock Performance

Shares of VC opened at $116.66 on Wednesday. The company’s 50 day moving average price is $100.67 and its 200 day moving average price is $99.32. Visteon Corporation has a 52 week low of $81.18 and a 52 week high of $129.10. The company has a market capitalization of $3.11 billion, a PE ratio of 14.21, a PEG ratio of 1.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73.

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

Visteon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, June 1st. Visteon’s payout ratio is currently 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.