Visteon Corporation $VC Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in shares of Visteon Corporation (NASDAQ:VC) by 33.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,061 shares of the company’s stock after buying an additional 8,283 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Visteon were worth $3,144,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in Visteon during the 3rd quarter valued at $30,000. USA Financial Formulas acquired a new stake in shares of Visteon in the third quarter valued at $44,000. Plato Investment Management Ltd bought a new position in Visteon during the third quarter valued at about $48,000. Hantz Financial Services Inc. boosted its stake in Visteon by 72.0% during the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after buying an additional 177 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Visteon during the third quarter worth about $54,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Sachin Lawande sold 49,453 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total value of $4,620,888.32. Following the transaction, the chief executive officer owned 175,527 shares in the company, valued at $16,401,242.88. This represents a 21.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VC has been the subject of a number of research analyst reports. UBS Group cut their price target on shares of Visteon from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, February 20th. Royal Bank Of Canada dropped their target price on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Wall Street Zen raised shares of Visteon from a “hold” rating to a “buy” rating in a research note on Monday, March 23rd. The Goldman Sachs Group set a $120.00 target price on shares of Visteon in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Visteon from $118.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, March 9th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Visteon has an average rating of “Moderate Buy” and a consensus price target of $122.33.

Visteon Price Performance

Shares of NASDAQ:VC opened at $87.83 on Monday. The firm has a 50 day simple moving average of $93.93 and a 200 day simple moving average of $102.81. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $129.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.53 and a current ratio of 1.80. The company has a market cap of $2.36 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.88. The company had revenue of $948.00 million during the quarter, compared to analyst estimates of $920.25 million. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.44 earnings per share. As a group, research analysts expect that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, March 2nd. This is a boost from Visteon’s previous quarterly dividend of $0.28. Visteon’s dividend payout ratio is 15.91%.

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.