50,027 Shares in Visteon Corporation $VC Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new position in shares of Visteon Corporation (NASDAQ:VC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 50,027 shares of the company’s stock, valued at approximately $5,996,000.

Other institutional investors have also modified their holdings of the company. Amundi boosted its holdings in shares of Visteon by 1.3% in the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after purchasing an additional 86 shares during the period. KLP Kapitalforvaltning AS lifted its position in Visteon by 1.7% in 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 boosted its stake in Visteon by 0.7% during the second 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 period. Merit Financial Group LLC boosted its stake in Visteon by 7.4% during the third quarter. Merit Financial Group LLC now owns 2,480 shares of the company’s stock worth $297,000 after buying an additional 171 shares during the period. Finally, Orion Porfolio Solutions LLC increased its position in Visteon by 2.5% during the second quarter. Orion Porfolio Solutions LLC now owns 8,044 shares of the company’s stock valued at $751,000 after acquiring an additional 198 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $103.62 on Wednesday. The firm’s 50 day simple moving average is $101.66 and its 200-day simple moving average is $110.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89. Visteon Corporation has a one year low of $65.10 and a one year high of $129.10. The firm has a market cap of $2.83 billion, a PE ratio of 9.31 and a beta of 1.15.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $945.41 million. During the same quarter in the previous year, the business earned $2.26 earnings per share. Visteon’s quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities analysts predict that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Dividend Announcement

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

Insider Activity

In other news, CEO Sachin Lawande sold 595 shares of the firm’s 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 transaction, the chief executive officer owned 175,527 shares in the company, valued at approximately $19,311,480.54. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on VC shares. Barclays set a $130.00 target price on shares of Visteon in a report on Monday, October 27th. Guggenheim raised their price objective on shares of Visteon from $134.00 to $143.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Robert W. Baird set a $141.00 target price on Visteon in a research report on Friday, October 24th. Morgan Stanley increased their price target on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Finally, Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $133.08.

Visteon Company Profile

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.