MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 3,230 Shares of Visteon Corporation $VC

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. raised its position in Visteon Corporation (NASDAQ:VC - Free Report) by 5.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 58,850 shares of the company's stock after purchasing 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Visteon by 286.7% during the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after acquiring an additional 324 shares during the period. Parallel Advisors LLC lifted its position in shares of Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after acquiring an additional 408 shares during the period. CX Institutional acquired a new position in shares of Visteon during the 1st quarter valued at $63,000. Signaturefd LLC lifted its position in shares of Visteon by 33.5% during the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after acquiring an additional 229 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Visteon during the 1st quarter valued at $84,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Buying and Selling at Visteon

In other news, SVP Joao Paulo Ribeiro sold 710 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $115.09, for a total value of $81,713.90. Following the completion of the transaction, the senior vice president owned 6,698 shares of the company's stock, valued at approximately $770,872.82. This represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president owned 18,838 shares of the company's stock, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,102 shares of company stock valued at $1,538,595. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VC. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, July 25th. JPMorgan Chase & Co. raised their price objective on shares of Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. UBS Group reaffirmed a "buy" rating and issued a $146.00 price objective (up from $142.00) on shares of Visteon in a research note on Friday, July 25th. Guggenheim raised their price objective on shares of Visteon from $134.00 to $143.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Finally, Wall Street Zen lowered shares of Visteon from a "buy" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $124.54.

Visteon Trading Up 1.3%

Shares of VC traded up $1.64 during mid-day trading on Wednesday, reaching $125.49. The company's stock had a trading volume of 24,539 shares, compared to its average volume of 367,756. The stock has a market cap of $3.42 billion, a PE ratio of 11.94, a P/E/G ratio of 2.84 and a beta of 1.25. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $129.10. The company's fifty day moving average price is $118.27 and its two-hundred day moving average price is $95.47.

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 analysts' consensus estimates of $2.04 by $0.35. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The firm had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. During the same period in the previous year, the business posted $2.54 EPS. The business's quarterly revenue was down 4.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. On average, analysts predict 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 $0.275 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.10 annualized dividend and a yield of 0.9%. Visteon's dividend payout ratio (DPR) is 10.49%.

Visteon Company 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.