Geode Capital Management LLC raised its position in Visteon Corporation (NASDAQ:VC – Free Report) by 0.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 708,440 shares of the company’s stock after purchasing an additional 5,151 shares during the period. Geode Capital Management LLC’s holdings in Visteon were worth $67,381,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VC. Royal Bank of Canada raised its stake in shares of Visteon by 389.3% during the first 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 during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Visteon by 31.5% during the first quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock worth $19,371,000 after purchasing an additional 59,764 shares during the last quarter. Amundi raised its stake in shares of Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after purchasing an additional 86 shares during the last quarter. Jump Financial LLC raised its stake in shares of Visteon by 43.0% during the second quarter. Jump Financial LLC now owns 16,833 shares of the company’s stock worth $1,571,000 after purchasing an additional 5,059 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of Visteon during the second quarter worth approximately $1,150,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.
Visteon Trading Up 2.5%
Shares of VC stock opened at $120.44 on Tuesday. The business’s fifty day moving average price is $106.64 and its 200 day moving average price is $100.27. Visteon Corporation has a 1-year low of $83.49 and a 1-year high of $129.10. The firm has a market capitalization of $3.21 billion, a PE ratio of 14.67, a P/E/G ratio of 1.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.43.
Visteon Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 1st. Visteon’s dividend payout ratio is currently 18.27%.
Analyst Ratings Changes
Several research firms have recently commented on VC. Weiss Ratings upgraded Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wolfe Research upgraded Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price target for the company in a research note on Monday, April 27th. Royal Bank Of Canada cut their price target on Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Wall Street Zen cut Visteon from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, JPMorgan Chase & Co. cut their price target on Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Visteon currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.67.
Get Our Latest Report on Visteon
Insiders Place Their Bets
In related news, SVP Seungkyung Kim sold 600 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.96, for a total transaction of $71,376.00. Following the transaction, the senior vice president owned 389 shares of the company’s stock, valued at $46,275.44. This represents a 60.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sachin Lawande sold 38,817 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $113.63, for a total value of $4,410,775.71. Following the transaction, the chief executive officer directly owned 193,822 shares in the company, valued at $22,023,993.86. This represents a 16.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 53,901 shares of company stock worth $6,099,220. 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.
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