TD Asset Management Inc Takes Position in Visteon Corporation $VC

Key Points

• TD Asset Management Inc has acquired a new stake in Visteon Corporation, purchasing 6,436 shares valued at approximately $600,000 in the 2nd quarter.
• Shares of Visteon are currently down 4.5%, with the company recently reporting earnings per share (EPS) of $2.15, slightly exceeding analysts' estimates.
• Visteon has announced a quarterly dividend of $0.275 due for payment on December 5th, representing an annualized dividend yield of 1.0%.

TD Asset Management Inc bought a new stake in Visteon Corporation (NASDAQ:VC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,436 shares of the company's stock, valued at approximately $600,000.

Other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund grew its position in shares of Visteon by 6.8% in the first quarter. New York State Common Retirement Fund now owns 9,117 shares of the company's stock valued at $708,000 after purchasing an additional 584 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Visteon by 12.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock valued at $571,000 after purchasing an additional 799 shares during the period. Entropy Technologies LP boosted its position in Visteon by 169.5% during the first quarter. Entropy Technologies LP now owns 6,505 shares of the company's stock worth $505,000 after acquiring an additional 4,091 shares during the last quarter. Cresset Asset Management LLC acquired a new position in Visteon during the first quarter worth about $210,000. Finally, Moran Wealth Management LLC acquired a new stake in Visteon in the 1st quarter valued at about $2,526,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Stock Down 4.5%

Shares of NASDAQ VC opened at $110.22 on Friday. The company has a 50 day simple moving average of $121.31 and a 200-day simple moving average of $102.37. The company has a market capitalization of $3.01 billion, a P/E ratio of 10.51, a P/E/G ratio of 2.74 and a beta of 1.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $129.10.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.08. The business had revenue of $917.00 million during the quarter, compared to the consensus estimate of $945.41 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The business's revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.26 EPS. Visteon has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, November 18th. Visteon's dividend payout ratio is currently 10.49%.

Insider Transactions at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total value of $240,000.00. Following the transaction, the senior vice president directly owned 18,838 shares in the company, valued at approximately $2,260,560. This represents a 9.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joao Paulo Ribeiro sold 710 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $115.09, for a total transaction of $81,713.90. Following the completion of the transaction, the senior vice president owned 6,698 shares in the company, valued at approximately $770,872.82. This represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,102 shares of company stock worth $1,338,295. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

VC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. UBS Group reissued a "buy" rating and issued a $146.00 target price (up from $142.00) on shares of Visteon in a research note on Friday, July 25th. Cfra Research lowered shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 24th. Wells Fargo & Company raised their target price on shares of Visteon from $145.00 to $151.00 and gave the stock an "overweight" rating in a research note on Thursday, September 25th. Finally, Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Visteon presently has an average rating of "Moderate Buy" and an average target price of $132.62.

Visteon Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.

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