Visteon Corporation $VC Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Visteon Corporation (NASDAQ:VC) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 708,440 shares of the company’s stock after buying an additional 5,151 shares during the quarter. Geode Capital Management LLC owned approximately 2.60% of Visteon worth $67,381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of Visteon by 144.1% during the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 170 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Visteon during the third quarter worth about $48,000. Hantz Financial Services Inc. grew its position in shares of Visteon by 72.0% during the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after buying an additional 177 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Visteon during the third quarter worth about $54,000. Finally, Clearstead Advisors LLC grew its position in shares of Visteon by 183.7% during the fourth quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock worth $55,000 after buying an additional 373 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Price Performance

VC stock opened at $120.44 on Tuesday. The business has a 50 day moving average price of $106.64 and a 200 day moving average price of $100.27. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.48 and a beta of 1.26. Visteon Corporation has a fifty-two week low of $83.49 and a fifty-two week high of $129.10. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.31). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The business had revenue of $954.00 million for the quarter, compared to analysts’ expectations of $901.33 million. During the same quarter in the previous year, the firm earned $2.47 EPS. Visteon’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts anticipate that Visteon Corporation will post 8.54 earnings per share for the current fiscal year.

Visteon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.375 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. Visteon’s payout ratio is currently 18.27%.

Insider Transactions at Visteon

In other Visteon news, SVP Robert R. Vallance sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $119.40, for a total value of $119,400.00. Following the completion of the sale, the senior vice president owned 17,469 shares in the company, valued at approximately $2,085,798.60. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total value of $71,376.00. Following the completion of the sale, the senior vice president owned 389 shares of the company’s stock, valued at approximately $46,275.44. This represents a 60.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 53,901 shares of company stock worth $6,099,220 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

VC has been the subject of a number of analyst reports. Wall Street Zen downgraded Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Robert W. Baird boosted their target price on Visteon from $112.00 to $121.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Barclays boosted their target price on Visteon from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $117.00 target price on Visteon in a research note on Friday, February 20th. Finally, Morgan Stanley set a $115.00 target price on Visteon in a research note on Monday, April 27th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.67.

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.