Visteon Corporation $VC Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in Visteon Corporation (NASDAQ:VC) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,955 shares of the company’s stock after selling 156 shares during the quarter. US Bancorp DE’s holdings in Visteon were worth $742,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in VC. SG Americas Securities LLC bought a new stake in shares of Visteon during the first quarter valued at about $472,000. Kirr Marbach & Co. LLC IN grew its stake in Visteon by 2.6% during the 1st quarter. Kirr Marbach & Co. LLC IN now owns 70,707 shares of the company’s stock valued at $5,488,000 after acquiring an additional 1,800 shares in the last quarter. Moran Wealth Management LLC purchased a new position in Visteon during the 1st quarter valued at about $2,526,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Visteon by 12.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company’s stock valued at $571,000 after buying an additional 799 shares during the last quarter. Finally, Highland Capital Management LLC acquired a new stake in shares of Visteon during the 1st quarter valued at about $248,000. 99.71% of the stock is currently owned by institutional investors.

Visteon Stock Down 1.6%

VC stock opened at $113.78 on Friday. 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 business has a 50 day moving average price of $121.71 and a two-hundred day moving average price of $101.42. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 2.71 and a beta of 1.22. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $129.10.

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

Visteon Dividend Announcement

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

Insider Buying and Selling

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president directly owned 18,838 shares of the company’s stock, valued at $2,260,560. The trade was a 9.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the senior vice president directly owned 6,698 shares of the company’s stock, valued at $770,872.82. This represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,102 shares of company stock valued at $1,338,295. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

VC has been the subject of several analyst reports. Barclays boosted their target price on Visteon from $120.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Wells Fargo & Company upped their price target on Visteon from $145.00 to $151.00 and gave the company an “overweight” rating in a research report on Thursday, September 25th. The Goldman Sachs Group set a $147.00 target price on Visteon in a report on Monday, September 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $136.00 price target on shares of Visteon in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. increased their target price on Visteon from $101.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.00.

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.