Assenagon Asset Management S.A. Acquires 70,505 Shares of Visteon Corporation $VC

Assenagon Asset Management S.A. grew its stake in shares of Visteon Corporation (NASDAQ:VC) by 213.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,566 shares of the company’s stock after purchasing an additional 70,505 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Visteon were worth $9,436,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Amundi increased its stake in Visteon by 1.3% in the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after buying an additional 86 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in Visteon by 1.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after buying an additional 97 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Visteon by 1.8% in the 4th quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock valued at $622,000 after buying an additional 116 shares during the period. UMB Bank n.a. increased its holdings in Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after purchasing an additional 123 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Visteon by 144.1% during the 4th 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. 99.71% of the stock is currently owned by institutional investors.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $103.08 on Monday. Visteon Corporation has a 1 year low of $83.49 and a 1 year high of $129.10. The firm has a market capitalization of $2.75 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.29 and a beta of 1.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.43. The business’s 50-day moving average is $113.03 and its 200 day moving average is $101.63.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.31). The company had revenue of $954.00 million for the quarter, compared to analyst estimates of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.47 EPS. On average, research analysts predict that Visteon Corporation will post 8.58 earnings per share for the current fiscal year.

Visteon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, June 1st. Visteon’s dividend payout ratio is presently 18.27%.

Visteon News Summary

Here are the key news stories impacting Visteon this week:

• Positive Sentiment: Visteon announced an $800 million share repurchase authorization through December 31, 2029, which can support earnings per share and signals management confidence in the business. Visteon Announces $800 Million Share Repurchase Authorization
• Positive Sentiment: Robert W. Baird reaffirmed a neutral rating and maintained a $121 price target, implying meaningful upside from the current level.
• Positive Sentiment: Wells Fargo reiterated an overweight rating and a $137 price target after trimming its target slightly, which still suggests substantial upside.
• Neutral Sentiment: Visteon’s analyst/investor day transcript and slideshow may be keeping attention on the company’s longer-term strategy, but they do not appear to be a direct stock-moving catalyst on their own. Visteon Corporation (VC) Analyst/Investor Day Transcript
• Neutral Sentiment: Short-interest data showed no meaningful current short position, so it is unlikely to be a major driver of the stock’s move.
• Negative Sentiment: An article focused on why Visteon stock is falling today suggests traders are reacting negatively in the near term, possibly due to profit-taking or disappointment versus expectations. Why Visteon (VC) stock is falling today

Insider Activity at Visteon

In other news, CAO Colleen Elizabeth Myers sold 475 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $110.92, for a total value of $52,687.00. Following the transaction, the chief accounting officer directly owned 241 shares of the company’s stock, valued at approximately $26,731.72. This represents a 66.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Seungkyung Kim sold 600 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the completion of the sale, the senior vice president directly owned 389 shares in the company, valued at $46,275.44. This trade represents a 60.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,901 shares of company stock worth $6,699,220 in the last quarter. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

VC has been the topic of several research reports. Robert W. Baird restated a “neutral” rating and set a $121.00 price target on shares of Visteon in a research note on Friday. The Goldman Sachs Group boosted their price target on shares of Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. TD Cowen reaffirmed a “buy” rating on shares of Visteon in a research report on Monday, June 22nd. Wolfe Research upgraded shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Monday, April 27th. Finally, JPMorgan Chase & Co. raised Visteon from a “neutral” rating to an “overweight” rating and increased their target price for the company from $108.00 to $165.00 in a research report on Monday, June 22nd. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Visteon currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.58.

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.