Hillsdale Investment Management Inc. Raises Stock Position in Visteon Corporation $VC

Hillsdale Investment Management Inc. increased its stake in shares of Visteon Corporation (NASDAQ:VC) by 64,000.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,100 shares of the company’s stock after acquiring an additional 64,000 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Visteon were worth $5,981,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS increased its position in shares of Visteon by 1.7% during the second quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company’s stock worth $550,000 after purchasing an additional 100 shares in the last quarter. Cardinal Capital Management grew its stake in Visteon by 0.7% during the 2nd quarter. Cardinal Capital Management now owns 19,998 shares of the company’s stock worth $1,866,000 after buying an additional 139 shares during the last quarter. Fifth Third Bancorp increased its position in Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after buying an additional 204 shares during the period. Covestor Ltd increased its position in Visteon by 9.9% during the first quarter. Covestor Ltd now owns 2,531 shares of the company’s stock worth $196,000 after buying an additional 227 shares during the period. Finally, US Bancorp DE lifted its stake in Visteon by 3.0% in the first quarter. US Bancorp DE now owns 8,111 shares of the company’s stock valued at $630,000 after buying an additional 239 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Down 2.6%

VC opened at $97.76 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. The business has a 50 day simple moving average of $113.48 and a 200-day simple moving average of $106.91. The stock has a market capitalization of $2.67 billion, a P/E ratio of 8.78, a P/E/G ratio of 2.52 and a beta of 1.33. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $129.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $945.41 million. During the same quarter in the prior year, the company posted $2.26 earnings per share. Visteon’s quarterly revenue was down 6.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 18th will be issued a $0.275 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.1%. Visteon’s dividend payout ratio is currently 9.88%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VC shares. UBS Group lowered their target price on shares of Visteon from $146.00 to $142.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Robert W. Baird set a $141.00 price target on shares of Visteon in a research note on Friday, October 24th. Barclays set a $130.00 price objective on shares of Visteon in a research note on Monday, October 27th. Cfra Research downgraded shares of Visteon from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.85.

Insiders Place Their Bets

In related news, CEO Sachin Lawande sold 595 shares of Visteon stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the transaction, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at approximately $19,311,480.54. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Visteon 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.