Visteon (NASDAQ:VC) Reaches New 1-Year High - Here's What Happened

Key Points

• Visteon Corporation reached a new 52-week high in trading at $128.32, with the stock last listed at $126.61 and a trading volume of 304,963 shares.
• Multiple analysts have upgraded Visteon's rating to "buy," with Deutsche Bank increasing the stock's price target to $131.00.
• Visteon announced a quarterly dividend of $0.275 per share, set to be paid on September 5th, translating to an annualized yield of 0.9%.

Visteon Corporation (NASDAQ:VC - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $128.32 and last traded at $126.61, with a volume of 304963 shares trading hands. The stock had previously closed at $127.50.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VC shares. Wall Street Zen raised shares of Visteon from a "hold" rating to a "buy" rating in a report on Sunday. UBS Group reiterated a "buy" rating and issued a $146.00 price target (up from $142.00) on shares of Visteon in a report on Friday, July 25th. Morgan Stanley upped their price objective on Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 12th. Barclays raised their price objective on Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.00.

Visteon Stock Performance

The firm's fifty day moving average price is $110.26 and its two-hundred day moving average price is $91.60. The stock has a market capitalization of $3.45 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 4.93 and a beta of 1.22. 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 (NASDAQ:VC - Get Free Report) last announced its earnings results 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. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The business had revenue of $969.00 million during the quarter, compared to the consensus estimate of $943.12 million. During the same period in the prior year, the company 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. As a group, equities research analysts forecast that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.9%. Visteon's dividend payout ratio (DPR) is 10.49%.

Insider Buying and Selling

In related news, SVP Joao Paulo Ribeiro sold 710 shares of the business's stock in a transaction 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 sale, the senior vice president owned 6,698 shares in the company, valued at approximately $770,872.82. The trade was a 9.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Francis M. Scricco sold 4,350 shares of the company's stock in a transaction that occurred 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 sale, the director directly owned 2,792 shares in the company, valued at approximately $336,519.76. The trade was a 60.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,102 shares of company stock worth $1,538,595. Insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On Visteon

Several large investors have recently bought and sold shares of the business. Amundi increased its stake in Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company's stock valued at $706,000 after purchasing an additional 86 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Visteon by 1.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company's stock valued at $550,000 after buying an additional 100 shares during the last quarter. Cardinal Capital Management raised its stake in Visteon by 0.7% during the 2nd quarter. Cardinal Capital Management now owns 19,998 shares of the company's stock worth $1,866,000 after acquiring an additional 139 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in Visteon by 2.5% in the second quarter. Orion Porfolio Solutions LLC now owns 8,044 shares of the company's stock valued at $751,000 after acquiring an additional 198 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Visteon by 111.5% in the second quarter. Fifth Third Bancorp now owns 387 shares of the company's stock valued at $36,000 after acquiring an additional 204 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

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.

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