Visteon Corporation $VC Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in shares of Visteon Corporation (NASDAQ:VC) by 26.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 121,610 shares of the company’s stock after buying an additional 25,467 shares during the period. Nordea Investment Management AB’s holdings in Visteon were worth $11,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TD Asset Management Inc acquired a new position in Visteon during the 2nd quarter worth approximately $600,000. Sequoia Financial Advisors LLC acquired a new position in Visteon during the 2nd quarter worth approximately $232,000. CWM LLC increased its position in Visteon by 277.2% during the 2nd quarter. CWM LLC now owns 7,815 shares of the company’s stock worth $729,000 after purchasing an additional 5,743 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Visteon by 29.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,677 shares of the company’s stock worth $623,000 after purchasing an additional 1,519 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Visteon by 1.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company’s stock worth $550,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Price Performance

VC stock opened at $113.78 on Monday. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $129.10. The stock’s fifty day simple moving average is $121.71 and its 200-day simple moving average is $101.61. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.35. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The business had revenue of $969.00 million for the quarter, compared to analysts’ expectations of $943.12 million. During the same quarter last year, the firm earned $2.54 earnings per share. The business’s revenue was down 4.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. Equities research analysts expect that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th will be issued a dividend of $0.275 per share. The ex-dividend date is Tuesday, November 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.0%. Visteon’s dividend payout ratio (DPR) is 10.49%.

Analysts Set New Price Targets

VC has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and set a $136.00 price target on shares of Visteon in a research note on Friday, October 10th. Baird R W raised Visteon from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. The Goldman Sachs Group set a $147.00 price target on Visteon in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, UBS Group reissued a “buy” rating and set a $146.00 price target (up previously from $142.00) on shares of Visteon in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Visteon has a consensus rating of “Moderate Buy” and a consensus price target of $131.00.

Insider Transactions at Visteon

In other news, Director Francis M. Scricco sold 4,350 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the sale, the director owned 2,792 shares in the company, valued at $336,519.76. This trade represents a 60.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Joao Paulo Ribeiro sold 710 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $115.09, for a total value of $81,713.90. Following the completion of the transaction, the senior vice president directly owned 6,698 shares in the company, valued at $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,102 shares of company stock worth $1,338,295 over the last quarter. 2.00% of the stock is currently owned by insiders.

Visteon Company 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.