Nordea Investment Management AB Decreases Stake in Visteon Corporation $VC

Nordea Investment Management AB cut its holdings in shares of Visteon Corporation (NASDAQ:VC) by 12.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,683 shares of the company’s stock after selling 16,342 shares during the quarter. Nordea Investment Management AB owned approximately 0.43% of Visteon worth $11,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VC. Cullen Frost Bankers Inc. purchased a new stake in shares of Visteon during the third quarter worth $30,000. USA Financial Formulas purchased a new position in shares of Visteon in the third quarter valued at $44,000. Plato Investment Management Ltd bought a new stake in shares of Visteon during the 3rd quarter valued at $48,000. Hantz Financial Services Inc. raised its stake in shares of Visteon by 72.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after purchasing an additional 177 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Visteon during the 3rd quarter worth about $54,000. Institutional investors own 99.71% of the company’s stock.

Insider Transactions at Visteon

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total value of $4,620,888.32. Following the completion of the transaction, the chief executive officer owned 175,527 shares of the company’s stock, valued at $16,401,242.88. The trade was a 21.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Visteon Price Performance

Visteon stock opened at $87.61 on Thursday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 1.07 and a beta of 1.15. The company has a quick ratio of 1.53, a current ratio of 1.80 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $94.25 and a 200 day simple moving average of $103.52. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $129.10.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.88. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The firm had revenue of $948.00 million for the quarter, compared to analysts’ expectations of $920.25 million. During the same quarter last year, the firm posted $4.44 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.375 dividend. This is an increase from Visteon’s previous quarterly dividend of $0.28. This represents a $1.50 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, March 2nd. Visteon’s payout ratio is 15.91%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VC shares. JPMorgan Chase & Co. cut their target price on Visteon from $118.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, March 9th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of Visteon in a report on Friday, February 20th. Royal Bank Of Canada cut their price objective on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. The Goldman Sachs Group set a $120.00 price objective on shares of Visteon in a research note on Thursday, January 15th. Finally, Barclays decreased their target price on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $122.33.

Visteon Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.