KLP Kapitalforvaltning AS Has $550,000 Stock Position in Visteon Corporation $VC

KLP Kapitalforvaltning AS lifted its stake in Visteon Corporation (NASDAQ:VC) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,900 shares of the company’s stock after acquiring an additional 100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Visteon were worth $550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors 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 worth $708,000 after acquiring an additional 584 shares during 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 worth $571,000 after acquiring an additional 799 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Visteon in the first quarter worth $472,000. Entropy Technologies LP boosted its stake in Visteon by 169.5% during the first quarter. Entropy Technologies LP now owns 6,505 shares of the company’s stock worth $505,000 after buying an additional 4,091 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new stake in Visteon in the 1st quarter valued at $210,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

VC has been the subject of a number of analyst reports. Cfra Research downgraded shares of Visteon from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, July 24th. Wells Fargo & Company raised their price objective on shares of Visteon from $145.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. Morgan Stanley raised their price objective on shares of Visteon from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Visteon from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.00.

Insiders Place Their Bets

In other news, Director Francis M. Scricco sold 4,350 shares of the company’s stock in a transaction dated 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 $336,519.76. This represents a 60.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert R. Vallance sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the sale, the senior vice president directly owned 18,838 shares of the company’s stock, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,102 shares of company stock valued at $1,338,295. 2.00% of the stock is currently owned by insiders.

Visteon Stock Down 1.6%

Shares of NASDAQ VC opened at $113.78 on Friday. The firm’s 50-day simple moving average is $121.71 and its 200 day simple moving average is $101.42. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 2.71 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. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $129.10.

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

Visteon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 18th. Visteon’s payout ratio is currently 10.49%.

About Visteon

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.