Deutsche Bank AG Has $1.99 Million Holdings in Visteon Corporation $VC

Deutsche Bank AG cut its holdings in Visteon Corporation (NASDAQ:VC) by 7.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,574 shares of the company’s stock after selling 2,059 shares during the period. Deutsche Bank AG owned approximately 0.09% of Visteon worth $1,985,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. New York State Common Retirement Fund grew its stake in shares of Visteon by 6.8% in the first quarter. New York State Common Retirement Fund now owns 9,117 shares of the company’s stock valued at $708,000 after acquiring an additional 584 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Visteon by 12.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company’s stock valued at $571,000 after acquiring an additional 799 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Visteon in the first quarter valued at about $472,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Visteon in the fourth quarter valued at about $203,000. Finally, Moran Wealth Management LLC acquired a new position in shares of Visteon in the first quarter valued at about $2,526,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Performance

Shares of VC stock opened at $120.75 on Friday. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 4.67 and a beta of 1.22. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $123.78. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $107.41 and a 200-day moving average of $90.36.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.35. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The business had revenue of $969.00 million during the quarter, compared to the consensus estimate of $943.12 million. During the same quarter last year, the firm posted $2.54 EPS. Visteon’s revenue was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be given a $0.275 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.10 annualized dividend and a yield of 0.9%. Visteon’s dividend payout ratio (DPR) is presently 10.49%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Visteon from $120.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Cfra Research cut shares of Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. Robert W. Baird raised shares of Visteon from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $96.00 to $125.00 in a research report on Friday, July 11th. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 price objective for the company in a research report on Wednesday, July 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Visteon in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Insider Activity at Visteon

In related news, SVP Joao Paulo Ribeiro sold 710 shares of Visteon stock in a transaction on Monday, July 28th. The shares were sold at an average price of $115.09, for a total value of $81,713.90. Following the completion of the sale, the senior vice president owned 6,698 shares of the company’s stock, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Francis M. Scricco sold 4,042 shares of Visteon stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $121.79, for a total transaction of $492,275.18. Following the completion of the sale, the director directly owned 7,142 shares of the company’s stock, valued at approximately $869,824.18. The trade was a 36.14% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,752 shares of company stock valued at $1,014,289. 2.00% of the stock is owned by company insiders.

Visteon Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.