Ontario Teachers Pension Plan Board Has $1.27 Million Position in Visteon Corporation $VC

Ontario Teachers Pension Plan Board trimmed its position in Visteon Corporation (NASDAQ:VC - Free Report) by 52.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 13,557 shares of the company's stock after selling 15,029 shares during the period. Ontario Teachers Pension Plan Board's holdings in Visteon were worth $1,265,000 as of its most recent filing with the SEC.

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Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Visteon by 66.9% in the first quarter. Envestnet Asset Management Inc. now owns 24,698 shares of the company's stock valued at $1,917,000 after acquiring an additional 9,900 shares during the last quarter. New York State Common Retirement Fund lifted its position in Visteon by 6.8% during the 1st 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. CWM LLC boosted its stake in shares of Visteon by 31.6% in the 1st quarter. CWM LLC now owns 2,072 shares of the company's stock valued at $161,000 after purchasing an additional 497 shares during the last quarter. Signaturefd LLC grew its position in shares of Visteon by 33.5% during the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock worth $71,000 after buying an additional 229 shares during the period. Finally, Allianz Asset Management GmbH bought a new stake in shares of Visteon during the first quarter worth approximately $426,000. Institutional investors own 99.71% of the company's stock.

Insider Buying and Selling

In related news, 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 sale, the director owned 2,792 shares of the company's stock, valued at $336,519.76. This trade represents a 60.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sachin Lawande sold 595 shares of the firm's stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $110.02, for a total transaction of $65,461.90. Following the transaction, the chief executive officer directly owned 175,527 shares of the company's stock, valued at $19,311,480.54. The trade was a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 8,987 shares of company stock valued at $1,082,043. 2.00% of the stock is currently owned by insiders.

Visteon Trading Down 0.8%

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Shares of Visteon stock opened at $105.11 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89. The firm has a 50-day moving average of $115.68 and a 200-day moving average of $106.72. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $129.10. The stock has a market cap of $2.87 billion, a PE ratio of 9.44, a PEG ratio of 2.52 and a beta of 1.33.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The business had revenue of $917.00 million for the quarter, compared to analyst estimates of $945.41 million. During the same period last year, the firm earned $2.26 earnings per share. Visteon's revenue for the quarter was down 6.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Dividend Announcement

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 18th will be given a $0.275 dividend. The ex-dividend date is Tuesday, November 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.0%. Visteon's dividend payout ratio (DPR) is presently 9.88%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VC. Robert W. Baird set a $141.00 price objective on shares of Visteon in a research note on Friday, October 24th. JPMorgan Chase & Co. upped their price objective on Visteon from $104.00 to $122.00 and gave the company a "neutral" rating in a report on Monday, October 20th. Morgan Stanley increased their price target on shares of Visteon from $90.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. The Goldman Sachs Group set a $150.00 target price on Visteon and gave the stock a "buy" rating in a report on Thursday, October 23rd. Finally, Guggenheim raised their price objective on shares of Visteon from $134.00 to $143.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Visteon presently has an average rating of "Moderate Buy" and an average price target of $131.85.

View Our Latest Research Report on VC

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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