Visteon Corporation $VC Stock Holdings Lifted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Visteon Corporation by 5.8% during the first quarter, holding approximately 0.22% of the company valued at $4.56 million.
• Visteon reported quarterly earnings with an EPS of $2.39, exceeding estimates, but showed a 4.4% year-over-year revenue decline to $969 million.
• The company declared a quarterly dividend of $0.275 per share, resulting in an annualized dividend yield of 0.9%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 5.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 58,850 shares of the company's stock after buying an additional 3,230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.22% of Visteon worth $4,568,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after buying an additional 324 shares during the period. Parallel Advisors LLC raised its stake in Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after purchasing an additional 408 shares during the period. CX Institutional purchased a new position in Visteon during the first quarter worth approximately $63,000. Signaturefd LLC raised its stake in Visteon by 33.5% during the first quarter. Signaturefd LLC now owns 913 shares of the company's stock worth $71,000 after purchasing an additional 229 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Visteon during the first quarter worth approximately $84,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Visteon Stock Down 0.5%

VC traded down $0.66 during trading hours on Monday, reaching $123.93. 303,197 shares of the stock traded hands, compared to its average volume of 369,634. The firm's fifty day simple moving average is $117.43 and its two-hundred day simple moving average is $95.01. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.86 and a beta of 1.25. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $129.10. 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 (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.35. The company had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the business earned $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. As a group, analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 18th. Visteon's dividend payout ratio (DPR) is currently 10.49%.

Insiders Place Their Bets

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total transaction of $200,300.00. Following the completion of the transaction, the senior vice president directly owned 20,838 shares of the company's stock, valued at $2,086,925.70. This trade represents a 8.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Francis M. Scricco sold 4,350 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the transaction, the director directly owned 2,792 shares of the company's stock, valued at approximately $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,102 shares of company stock valued at $1,538,595 in the last ninety days. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Visteon from $101.00 to $104.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen downgraded shares of Visteon from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley increased their price target on shares of Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Bank of America upped their price target on shares of Visteon from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Visteon currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.54.

About Visteon

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.