Value Holdings Management CO. LLC Raises Stock Position in Visteon Corporation $VC

Value Holdings Management CO. LLC raised its position in Visteon Corporation (NASDAQ:VC) by 34.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,500 shares of the company’s stock after purchasing an additional 11,000 shares during the quarter. Visteon comprises 0.7% of Value Holdings Management CO. LLC’s investment portfolio, making the stock its 24th biggest position. Value Holdings Management CO. LLC owned 0.16% of Visteon worth $4,041,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Visteon during the 3rd quarter valued at approximately $30,000. USA Financial Formulas purchased a new position in Visteon in the third quarter worth approximately $44,000. Plato Investment Management Ltd acquired a new stake in Visteon during the third quarter worth $48,000. Hantz Financial Services Inc. increased its stake in Visteon by 72.0% during the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after acquiring an additional 177 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Visteon in the third quarter valued at $54,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

VC stock opened at $87.84 on Friday. The business’s fifty day moving average price is $94.05 and its 200 day moving average price is $103.41. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $129.10. The company has a current ratio of 1.80, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.36 billion, a PE ratio of 9.31, a P/E/G ratio of 1.06 and a beta of 1.15.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.88. The company had revenue of $948.00 million during 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%.Visteon’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.44 EPS. On average, sell-side 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 was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 2nd. Visteon’s dividend payout ratio (DPR) is presently 15.91%.

Insiders Place Their Bets

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total value of $4,620,888.32. Following the completion of the transaction, the chief executive officer owned 175,527 shares of the company’s stock, valued at $16,401,242.88. This trade represents a 21.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Robert W. Baird lowered their price target on Visteon from $126.00 to $119.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Wells Fargo & Company reduced 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. Deutsche Bank Aktiengesellschaft set a $117.00 target price on shares of Visteon in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Visteon from a “hold” rating to a “buy” rating in a research report on Monday. Finally, UBS Group reduced their price target on shares of Visteon from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Eight 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, Visteon currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.33.

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.