State of Alaska Department of Revenue Sells 115 Shares of Visteon Corporation $VC

State of Alaska Department of Revenue decreased its position in shares of Visteon Corporation (NASDAQ:VC) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,061 shares of the company’s stock after selling 115 shares during the quarter. State of Alaska Department of Revenue’s holdings in Visteon were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of VC. Cardinal Capital Management boosted its position in Visteon by 0.7% in the second quarter. Cardinal Capital Management now owns 19,998 shares of the company’s stock worth $1,866,000 after purchasing an additional 139 shares during the last quarter. Fifth Third Bancorp boosted its position in Visteon by 111.5% in the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after purchasing an additional 204 shares during the last quarter. Covestor Ltd lifted its position in shares of Visteon by 9.9% during the 1st quarter. Covestor Ltd now owns 2,531 shares of the company’s stock valued at $196,000 after buying an additional 227 shares during the last quarter. Signaturefd LLC lifted its position in shares of Visteon by 33.5% during the 1st quarter. Signaturefd LLC now owns 913 shares of the company’s stock valued at $71,000 after buying an additional 229 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Visteon by 3.0% during the 1st quarter. US Bancorp DE now owns 8,111 shares of the company’s stock valued at $630,000 after buying an additional 239 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In other Visteon news, SVP Joao Paulo Ribeiro sold 710 shares of Visteon stock in a transaction on Monday, July 28th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Francis M. Scricco sold 4,350 shares of Visteon stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total value of $524,305.50. Following the completion of the sale, the director directly owned 2,792 shares of the company’s stock, valued at approximately $336,519.76. The trade was a 60.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,102 shares of company stock valued at $1,338,295. Corporate insiders own 2.00% of the company’s stock.

Visteon Price Performance

Shares of NASDAQ VC opened at $110.77 on Friday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.57 and a beta of 1.22. 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 stock’s 50-day simple moving average is $121.66 and its two-hundred day simple moving average is $100.07. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $129.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.04 by $0.35. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The firm had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. During the same period in the prior year, the company earned $2.54 EPS. The company’s revenue was down 4.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, August 18th. Visteon’s dividend payout ratio (DPR) is 10.49%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VC. The Goldman Sachs Group set a $147.00 price target on Visteon in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a research report on Wednesday. Baird R W raised Visteon from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 11th. Morgan Stanley upped their price target on Visteon from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Finally, Cfra Research cut Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.00.

Visteon Company 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.