Visteon Corporation $VC Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Visteon Corporation (NASDAQ:VC) by 2.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 699,996 shares of the company’s stock after acquiring an additional 14,662 shares during the period. Geode Capital Management LLC owned approximately 2.57% of Visteon worth $65,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp raised its holdings in Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after purchasing an additional 204 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Visteon by 238.0% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $56,000 after purchasing an additional 426 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Visteon during the 1st quarter worth approximately $84,000. Signaturefd LLC increased its position in Visteon by 106.6% during the 2nd quarter. Signaturefd LLC now owns 1,886 shares of the company’s stock worth $176,000 after purchasing an additional 973 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Visteon by 315.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,997 shares of the company’s stock worth $186,000 after buying an additional 1,516 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Insider Activity at Visteon

In other news, CEO Sachin Lawande sold 595 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the transaction, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at $19,311,480.54. This trade represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

Visteon Trading Up 4.3%

Shares of VC stock opened at $101.96 on Monday. The stock has a market cap of $2.78 billion, a P/E ratio of 9.16, a P/E/G ratio of 2.52 and a beta of 1.33. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $129.10. The business has a fifty day simple moving average of $113.03 and a 200-day simple moving average of $107.43.

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

Visteon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 18th. Visteon’s dividend payout ratio is 9.88%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VC shares. Wells Fargo & Company lifted their price target on Visteon from $145.00 to $151.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Royal Bank Of Canada raised their target price on Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Robert W. Baird set a $141.00 price target on shares of Visteon in a research note on Friday, October 24th. Barclays set a $130.00 price target on shares of Visteon in a report on Monday, October 27th. Finally, The Goldman Sachs Group set a $150.00 price objective on shares of Visteon and gave the stock a “buy” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Visteon has an average rating of “Moderate Buy” and a consensus price target of $131.85.

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.