Robeco Institutional Asset Management B.V. Invests $1.18 Million in Visteon Corporation $VC

Robeco Institutional Asset Management B.V. purchased a new position in Visteon Corporation (NASDAQ:VC) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 12,593 shares of the company’s stock, valued at approximately $1,175,000.

A number of other institutional investors have also recently made changes to their positions in the company. Cardinal Capital Management boosted its stake in shares of Visteon by 0.7% in the second quarter. Cardinal Capital Management now owns 19,998 shares of the company’s stock worth $1,866,000 after acquiring an additional 139 shares during the last quarter. Fifth Third Bancorp lifted 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 in the last quarter. Covestor Ltd lifted 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 in the last quarter. Signaturefd LLC lifted its position in Visteon by 33.5% during the first 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. Finally, US Bancorp DE lifted its position in Visteon by 3.0% during the first quarter. US Bancorp DE now owns 8,111 shares of the company’s stock worth $630,000 after buying an additional 239 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Visteon

In related news, Director Francis M. Scricco sold 4,350 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the completion of the transaction, the director directly owned 2,792 shares of the company’s stock, valued at $336,519.76. The trade was a 60.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Robert R. Vallance sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. Following the transaction, the senior vice president directly owned 18,838 shares of the company’s stock, valued at $2,260,560. The trade was a 9.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,102 shares of company stock worth $1,338,295. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on VC shares. Guggenheim lifted their price objective on Visteon from $134.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. The Goldman Sachs Group set a $147.00 price objective on Visteon in a research report on Monday, September 29th. Robert W. Baird set a $144.00 price objective on Visteon in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price objective on Visteon from $101.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, Baird R W upgraded Visteon from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.08.

Visteon Price Performance

VC stock opened at $118.15 on Wednesday. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.22 billion, a PE ratio of 11.26, a P/E/G ratio of 2.79 and a beta of 1.22. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $129.10. The business’s fifty day moving average price is $121.54 and its 200 day moving average price is $99.54.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.35. The firm had revenue of $969.00 million for the quarter, compared to the consensus estimate of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, August 18th. Visteon’s payout ratio is currently 10.49%.

About Visteon

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.