Visteon Corporation $VC Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in Visteon Corporation (NASDAQ:VC) by 253.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,830 shares of the company’s stock after buying an additional 126,803 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.65% of Visteon worth $17,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of VC. Cullen Frost Bankers Inc. acquired a new stake in shares of Visteon during the third quarter worth about $30,000. USA Financial Formulas acquired a new position in Visteon in the 3rd quarter valued at about $44,000. Plato Investment Management Ltd purchased a new stake in Visteon during the 3rd quarter valued at approximately $48,000. Hantz Financial Services Inc. raised its stake in Visteon by 72.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after acquiring an additional 177 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Visteon during the 3rd quarter worth approximately $54,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen cut Visteon from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group dropped their price objective on shares of Visteon from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. JPMorgan Chase & Co. cut their price objective on shares of Visteon from $118.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. The Goldman Sachs Group set a $120.00 target price on shares of Visteon in a research note on Thursday, January 15th. Finally, Wells Fargo & Company dropped their price target on shares of Visteon from $125.00 to $124.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Visteon presently has a consensus rating of “Moderate Buy” and an average target price of $122.25.

Visteon Stock Performance

Shares of VC opened at $91.38 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.17. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $129.10. The company has a 50-day simple moving average of $93.68 and a 200-day simple moving average of $101.75. The company has a market capitalization of $2.45 billion, a PE ratio of 9.69, a P/E/G ratio of 1.11 and a beta of 1.15.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.88. The company had revenue of $948.00 million for the quarter, compared to analyst estimates of $920.25 million. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.44 earnings per share. Equities research analysts predict that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a dividend of $0.375 per share. This is a boost from Visteon’s previous quarterly dividend of $0.28. This represents a $1.50 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, March 2nd. Visteon’s payout ratio is presently 15.91%.

Insider Buying and Selling

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the sale, the chief executive officer directly owned 175,527 shares in the company, valued at approximately $16,401,242.88. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% 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.