Visteon (NASDAQ:VC) Lowered to Peer Perform Rating by Wolfe Research

Wolfe Research cut shares of Visteon (NASDAQ:VC) from an outperform rating to a peer perform rating in a research note released on Monday, Marketbeat Ratings reports.

Other analysts also recently issued reports about the company. Royal Bank Of Canada increased their price objective on Visteon from $136.00 to $138.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Barclays set a $130.00 price target on Visteon in a report on Monday, October 27th. Robert W. Baird set a $141.00 price target on Visteon in a research report on Friday, October 24th. The Goldman Sachs Group set a $150.00 price objective on Visteon and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.08.

Visteon Stock Down 2.4%

Visteon stock opened at $99.42 on Monday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 8.93 and a beta of 1.15. The firm’s fifty day moving average price is $101.32 and its two-hundred day moving average price is $110.76. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18.

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

Visteon Dividend Announcement

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

Insiders Place Their Bets

In other Visteon news, CEO Sachin Lawande sold 595 shares of Visteon stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $110.02, for a total value 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 approximately $19,311,480.54. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Visteon

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Visteon by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock valued at $343,267,000 after purchasing an additional 12,903 shares during the last quarter. American Century Companies Inc. boosted its holdings in Visteon by 28.6% in the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock worth $207,364,000 after purchasing an additional 494,820 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Visteon by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,181,415 shares of the company’s stock worth $141,606,000 after purchasing an additional 4,734 shares during the period. Victory Capital Management Inc. grew its position in Visteon by 8.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,147,059 shares of the company’s stock worth $137,486,000 after purchasing an additional 90,501 shares during the period. Finally, State Street Corp raised its stake in Visteon by 3.1% during the 2nd quarter. State Street Corp now owns 1,107,091 shares of the company’s stock valued at $103,292,000 after buying an additional 33,155 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.