Assenagon Asset Management S.A. Sells 96,570 Shares of Visteon Corporation $VC

Assenagon Asset Management S.A. lessened its position in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 93.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,996 shares of the company's stock after selling 96,570 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Visteon were worth $694,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in Visteon by 144.1% during the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company's stock valued at $27,000 after purchasing an additional 170 shares during the period. UMB Bank n.a. increased its position in shares of Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company's stock valued at $48,000 after purchasing an additional 123 shares during the last quarter. Clearstead Advisors LLC increased its position in shares of Visteon by 183.7% during the 4th quarter. Clearstead Advisors LLC now owns 576 shares of the company's stock valued at $55,000 after purchasing an additional 373 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Visteon by 1,195.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 596 shares of the company's stock valued at $57,000 after buying an additional 550 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Visteon by 58.7% during the 2nd quarter. Versant Capital Management Inc now owns 581 shares of the company's stock valued at $58,000 after buying an additional 215 shares during the period. Institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VC. Barclays raised shares of Visteon from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $115.00 to $145.00 in a research note on Monday, June 22nd. Weiss Ratings restated a "hold (c)" rating on shares of Visteon in a report on Wednesday, July 29th. Royal Bank Of Canada dropped their price target on shares of Visteon from $130.00 to $129.00 and set an "outperform" rating for the company in a research note on Friday, July 24th. Wall Street Zen downgraded shares of Visteon from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Finally, TD Cowen increased their price objective on shares of Visteon from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Ten analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.54.

Visteon Trading Up 0.9%

NASDAQ VC opened at $108.22 on Friday. The company's 50-day moving average price is $107.64 and its 200-day moving average price is $103.06. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.89 billion, a PE ratio of 14.15, a PEG ratio of 0.70 and a beta of 1.29. Visteon Corporation has a 12 month low of $83.49 and a 12 month high of $129.10.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing analysts' consensus estimates of $2.21 by ($0.30). The company had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. Visteon had a return on equity of 14.61% and a net margin of 5.58%.Visteon's revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.39 earnings per share. Equities research analysts forecast that Visteon Corporation will post 8.41 earnings per share for the current year.

Visteon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a yield of 1.4%. Visteon's payout ratio is 19.61%.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Robert R. Vallance sold 1,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $119.40, for a total transaction of $119,400.00. Following the transaction, the senior vice president directly owned 17,469 shares in the company, valued at $2,085,798.60. This represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Seungkyung Kim sold 600 shares of the firm's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,600 shares of company stock valued at $1,023,776 in the last ninety days. Corporate insiders own 2.00% of the company's stock.

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.

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