Legato Capital Management LLC Makes New Investment in Visteon Corporation $VC

Legato Capital Management LLC acquired a new stake in Visteon Corporation (NASDAQ:VC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 22,225 shares of the company’s stock, valued at approximately $2,664,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in Visteon during the third quarter worth about $30,000. USA Financial Formulas bought a new position in Visteon in the third quarter valued at approximately $44,000. EMC Capital Management acquired a new position in shares of Visteon during the 2nd quarter worth approximately $45,000. Plato Investment Management Ltd bought a new stake in shares of Visteon during the 3rd quarter worth approximately $48,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Visteon by 72.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after purchasing an additional 177 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Trading Down 0.2%

Shares of VC stock opened at $95.45 on Tuesday. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $129.10. The company has a market capitalization of $2.56 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.16. The firm has a 50 day moving average price of $97.46 and a two-hundred day moving average price of $107.54. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, February 19th. The company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.08 by $0.88. The company had revenue of $948.00 million for the quarter, compared to the consensus estimate of $920.25 million. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.44 earnings per share. As a group, analysts predict that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.6%. 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 15.91%.

Analyst Upgrades and Downgrades

VC has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $117.00 target price on shares of Visteon in a research note on Friday, February 20th. Robert W. Baird decreased their price objective on shares of Visteon from $126.00 to $119.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Barclays lowered their price objective on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. Royal Bank Of Canada cut their target price on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Finally, Morgan Stanley lifted their price target on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.