Healthcare of Ontario Pension Plan Trust Fund Makes New $596,000 Investment in Visteon Corporation $VC

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Visteon Corporation (NASDAQ:VC) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,539 shares of the company’s stock, valued at approximately $596,000.

Other hedge funds also recently modified their holdings of the company. Amundi raised its stake 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 buying an additional 86 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in shares of Visteon by 1.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after acquiring an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Visteon by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock valued at $509,000 after purchasing an additional 100 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Visteon by 1.8% in the 4th quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock valued at $622,000 after purchasing an additional 116 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Visteon by 32.1% in the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

NASDAQ:VC opened at $104.54 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. The business’s 50-day simple moving average is $110.33 and its 200-day simple moving average is $102.37. Visteon Corporation has a fifty-two week low of $83.49 and a fifty-two week high of $129.10. The stock has a market capitalization of $2.79 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.67 and a beta of 1.29.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). The business had revenue of $960.00 million for the quarter, compared to the consensus estimate of $955.78 million. Visteon had a return on equity of 14.61% and a net margin of 5.58%.Visteon’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.39 earnings per share. Sell-side analysts expect that Visteon Corporation will post 8.49 earnings per share for the current fiscal year.

Visteon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.50 annualized dividend and a dividend yield of 1.4%. Visteon’s dividend payout ratio is currently 19.61%.

Analyst Ratings Changes

A number of brokerages recently commented on VC. Morgan Stanley lifted their price objective on Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Weiss Ratings restated a “hold (c)” rating on shares of Visteon in a report on Wednesday. Wolfe Research lowered Visteon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Visteon from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.15.

Insider Transactions at Visteon

In related news, SVP Seungkyung Kim sold 600 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the sale, the senior vice president directly owned 389 shares in the company, valued at $46,275.44. This trade represents a 60.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Robert R. Vallance sold 1,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $119.40, for a total transaction of $119,400.00. Following the completion of the sale, the senior vice president directly owned 17,469 shares in the company, valued at $2,085,798.60. This represents a 5.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,600 shares of company stock valued at $1,023,776 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

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.