Assenagon Asset Management S.A. Has $2.97 Million Stock Position in Visteon Corporation $VC

Assenagon Asset Management S.A. lowered its position in Visteon Corporation (NASDAQ:VC) by 86.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,778 shares of the company’s stock after selling 162,094 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.09% of Visteon worth $2,970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VC. Texas Permanent School Fund Corp grew its stake in shares of Visteon by 137.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 48,482 shares of the company’s stock valued at $4,523,000 after buying an additional 28,094 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in Visteon by 2.5% during the second quarter. Orion Porfolio Solutions LLC now owns 8,044 shares of the company’s stock valued at $751,000 after acquiring an additional 198 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Visteon by 36.6% in the second quarter. Thrivent Financial for Lutherans now owns 28,033 shares of the company’s stock valued at $2,615,000 after acquiring an additional 7,514 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in Visteon in the second quarter worth approximately $8,047,000. Finally, Kestra Investment Management LLC grew its position in Visteon by 6.7% in the second quarter. Kestra Investment Management LLC now owns 11,905 shares of the company’s stock worth $1,111,000 after acquiring an additional 746 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Stock Down 1.7%

Visteon stock opened at $98.17 on Tuesday. 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 fifty-two week low of $65.10 and a fifty-two week high of $129.10. The firm has a fifty day moving average price of $104.96 and a two-hundred day moving average price of $109.90. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 8.82 and a beta of 1.14.

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

Visteon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th were issued a dividend of $0.275 per share. The ex-dividend date was Tuesday, November 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.1%. Visteon’s payout ratio is 9.88%.

Analyst Upgrades and Downgrades

VC has been the topic of a number of recent research reports. Robert W. Baird set a $141.00 price target on shares of Visteon in a report on Friday, October 24th. UBS Group lowered their target price on shares of Visteon from $146.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Barclays set a $130.00 target price on Visteon in a report on Monday, October 27th. The Goldman Sachs Group set a $150.00 price target on Visteon and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.08.

Insider Activity at Visteon

In other news, CEO Sachin Lawande sold 595 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the completion of the sale, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at approximately $19,311,480.54. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.