Nordea Investment Management AB Cuts Position in Visteon Corporation $VC

Nordea Investment Management AB decreased its position in shares of Visteon Corporation (NASDAQ:VC) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,683 shares of the company’s stock after selling 16,342 shares during the period. Nordea Investment Management AB’s holdings in Visteon were worth $11,238,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in VC. Royal Bank of Canada boosted its holdings in shares of Visteon by 389.3% in the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after purchasing an additional 17,497 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Visteon by 31.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after purchasing an additional 59,764 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Visteon by 16.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,713 shares of the company’s stock valued at $346,000 after buying an additional 514 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Visteon by 6.1% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,003 shares of the company’s stock worth $653,000 after buying an additional 401 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Visteon by 5.5% in the second quarter. Rhumbline Advisers now owns 93,276 shares of the company’s stock worth $8,703,000 after buying an additional 4,877 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction 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 $16,401,242.88. The trade was a 21.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Visteon Price Performance

Shares of Visteon stock opened at $87.61 on Thursday. The company’s fifty day simple moving average is $94.25 and its two-hundred day simple moving average is $103.52. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $129.10. The firm has a market cap of $2.35 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. 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 (NASDAQ:VC) last released its quarterly earnings results on Thursday, February 19th. The company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.88. The business had revenue of $948.00 million during the quarter, compared to analyst estimates of $920.25 million. Visteon had a return on equity of 17.94% and a net margin of 6.93%.Visteon’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.44 EPS. As a group, equities analysts expect that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.375 dividend. 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. This represents a $1.50 dividend on an annualized basis and a yield of 1.7%. Visteon’s payout ratio is 15.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Visteon from $148.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of Visteon in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Visteon from a “hold” rating to a “buy” rating in a research report on Monday. Robert W. Baird reduced their price objective on Visteon from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Finally, Morgan Stanley lifted their price objective on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.33.

Visteon Company 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.