Visteon Corporation $VC Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in shares of Visteon Corporation (NASDAQ:VC) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,061 shares of the company’s stock after buying an additional 8,283 shares during the period. Assenagon Asset Management S.A. owned approximately 0.12% of Visteon worth $3,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on VC. Morgan Stanley increased their price target on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Wells Fargo & Company lowered their price objective on shares of Visteon from $148.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Royal Bank Of Canada lowered their price objective on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. The Goldman Sachs Group set a $120.00 target price on Visteon in a research report on Thursday, January 15th. Finally, Wolfe Research downgraded shares of Visteon from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.33.

Insider Buying and Selling

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

Visteon Price Performance

Shares of Visteon stock opened at $87.83 on Monday. The firm has a market cap of $2.36 billion, a P/E ratio of 9.31, a P/E/G ratio of 1.07 and a beta of 1.15. The business has a 50-day moving average price of $93.93 and a 200 day moving average price of $102.81. 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 fifty-two week low of $65.10 and a fifty-two week high of $129.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.88. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The firm had revenue of $948.00 million for the quarter, compared to analysts’ expectations of $920.25 million. During the same period last year, the business posted $4.44 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Visteon’s previous quarterly dividend of $0.28. Visteon’s dividend payout ratio (DPR) is presently 15.91%.

Visteon Profile

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.