LSV Asset Management Has $14.99 Million Stock Position in Visteon Corporation $VC

LSV Asset Management lifted its holdings in Visteon Corporation (NASDAQ:VC) by 30.8% in the 2nd quarter, Holdings Channel reports. The firm owned 160,700 shares of the company’s stock after buying an additional 37,835 shares during the quarter. LSV Asset Management’s holdings in Visteon were worth $14,993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS lifted its holdings 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 buying an additional 100 shares during the last quarter. Cardinal Capital Management grew its holdings in shares of Visteon by 0.7% in the 2nd quarter. Cardinal Capital Management now owns 19,998 shares of the company’s stock worth $1,866,000 after purchasing an additional 139 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of 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 in the last quarter. Covestor Ltd increased its holdings in Visteon by 9.9% during the 1st quarter. Covestor Ltd now owns 2,531 shares of the company’s stock valued at $196,000 after purchasing an additional 227 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Visteon by 33.5% during the 1st quarter. Signaturefd LLC now owns 913 shares of the company’s stock worth $71,000 after buying an additional 229 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a research note on Wednesday, October 8th. Guggenheim lifted their price objective on Visteon from $134.00 to $143.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. JPMorgan Chase & Co. upped their target price on shares of Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Wells Fargo & Company boosted their price objective on shares of Visteon from $145.00 to $151.00 and gave the stock an “overweight” rating in a research report on Thursday, September 25th. Finally, Barclays set a $130.00 price target on Visteon in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Visteon presently has an average rating of “Moderate Buy” and an average target price of $131.85.

Visteon Trading Down 0.8%

Shares of VC stock opened at $100.40 on Thursday. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 2.52 and a beta of 1.33. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $129.10. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $114.09 and a 200-day moving average of $106.97.

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

Visteon Announces Dividend

The firm 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 dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, November 18th. Visteon’s dividend payout ratio (DPR) is 9.88%.

Insider Activity

In other Visteon news, CEO Sachin Lawande sold 595 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the sale, the chief executive officer directly owned 175,527 shares in the company, valued at $19,311,480.54. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Francis M. Scricco sold 4,350 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were 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. The trade was a 60.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.00% of the stock is currently owned by corporate 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.