Danske Bank A S Sells 6,426 Shares of Visteon Corporation $VC

Danske Bank A S lessened its holdings in shares of Visteon Corporation (NASDAQ:VC) by 91.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 600 shares of the company’s stock after selling 6,426 shares during the period. Danske Bank A S’s holdings in Visteon were worth $57,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amundi raised its position in Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after acquiring an additional 86 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in Visteon by 1.2% during the third quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after acquiring an additional 97 shares in the last quarter. Arizona State Retirement System raised its position in Visteon by 2.0% during the third quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock valued at $965,000 after acquiring an additional 155 shares in the last quarter. Farther Finance Advisors LLC raised its position in Visteon by 144.1% during the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares in the last quarter. Finally, Merit Financial Group LLC raised its position in Visteon by 7.4% during the third quarter. Merit Financial Group LLC now owns 2,480 shares of the company’s stock valued at $297,000 after acquiring an additional 171 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling at Visteon

In other Visteon news, CAO Colleen Elizabeth Myers sold 475 shares of Visteon stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total transaction of $52,687.00. Following the sale, the chief accounting officer owned 241 shares in the company, valued at $26,731.72. The trade was a 66.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sachin Lawande sold 38,817 shares of Visteon stock in a transaction on Friday, April 24th. The stock was sold at an average price of $113.63, for a total transaction of $4,410,775.71. Following the sale, the chief executive officer owned 193,822 shares in the company, valued at $22,023,993.86. This represents a 16.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 99,754 shares of company stock worth $10,296,332. 2.00% of the stock is currently owned by corporate insiders.

Visteon Trading Down 1.2%

Shares of Visteon stock opened at $112.35 on Friday. The company’s fifty day simple moving average is $95.60 and its 200-day simple moving average is $98.96. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.43 and a beta of 1.26. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Visteon Corporation has a 1 year low of $80.86 and a 1 year high of $129.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.31). The company had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.47 EPS. As a group, sell-side analysts expect that Visteon Corporation will post 8.52 EPS for the current year.

Visteon Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.375 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from Visteon’s previous quarterly dividend of $0.28. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. Visteon’s dividend payout ratio is 18.27%.

Wall Street Analysts Forecast Growth

VC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of Visteon in a research report on Friday, February 20th. Morgan Stanley set a $115.00 price target on Visteon in a report on Monday, April 27th. Weiss Ratings upgraded Visteon from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Robert W. Baird increased their price target on Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, The Goldman Sachs Group increased their price target on Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and a consensus target price of $124.42.

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.