Visteon Corporation $VC Stake Lowered by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Visteon Corporation (NASDAQ:VC) by 13.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,808 shares of the company’s stock after selling 2,503 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Visteon worth $1,568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VC. Fifth Third Bancorp raised its position in Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock valued at $36,000 after acquiring an additional 204 shares in the last quarter. GAMMA Investing LLC raised its position in Visteon by 238.0% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $56,000 after acquiring an additional 426 shares in the last quarter. Signaturefd LLC raised its position in Visteon by 33.5% during the first quarter. Signaturefd LLC now owns 913 shares of the company’s stock valued at $71,000 after acquiring an additional 229 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Visteon during the first quarter valued at approximately $84,000. Finally, CWM LLC raised its position in Visteon by 31.6% during the first quarter. CWM LLC now owns 2,072 shares of the company’s stock valued at $161,000 after acquiring an additional 497 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Robert R. Vallance sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total transaction of $240,000.00. Following the transaction, the senior vice president owned 18,838 shares of the company’s stock, valued at approximately $2,260,560. The trade was a 9.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Francis M. Scricco sold 4,350 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the transaction, the director directly owned 2,792 shares in the company, valued at $336,519.76. This trade represents a 60.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,392 shares of company stock worth $1,256,581 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Bank of America raised their price objective on shares of Visteon from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Zacks Research lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Finally, Barclays set a $130.00 price target on shares of Visteon in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.85.

Visteon Stock Down 1.3%

VC stock opened at $105.49 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $129.10. The company has a 50-day moving average of $118.59 and a two-hundred day moving average of $105.08. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 2.52 and a beta of 1.22.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The business had revenue of $917.00 million for the quarter, compared to analyst estimates of $945.41 million. During the same quarter in the previous year, the firm posted $2.26 earnings per share. Visteon’s revenue was down 6.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 18th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.0%. Visteon’s payout ratio is 9.88%.

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.