Visteon Corporation $VC Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in Visteon Corporation (NASDAQ:VC) by 23.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,689 shares of the company’s stock after selling 10,497 shares during the period. Voya Investment Management LLC owned 0.13% of Visteon worth $4,158,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in VC. State of Wyoming boosted its position in Visteon by 161.6% during the 1st quarter. State of Wyoming now owns 3,102 shares of the company’s stock valued at $241,000 after purchasing an additional 1,916 shares during the period. Graham Capital Management L.P. lifted its stake in Visteon by 18.0% in the first quarter. Graham Capital Management L.P. now owns 24,594 shares of the company’s stock valued at $1,909,000 after buying an additional 3,758 shares during the last quarter. Royal Bank of Canada lifted its stake in Visteon by 389.3% in the first quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock valued at $1,707,000 after buying an additional 17,497 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Visteon during the first quarter valued at $616,000. Finally, Advisors Asset Management Inc. grew its position in shares of Visteon by 19.6% during the first quarter. Advisors Asset Management Inc. now owns 6,781 shares of the company’s stock worth $526,000 after acquiring an additional 1,112 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on VC. The Goldman Sachs Group set a $150.00 target price on shares of Visteon and gave the company a “buy” rating in a research note on Thursday, October 23rd. Zacks Research cut Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Wells Fargo & Company decreased their price objective on Visteon from $151.00 to $148.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Guggenheim boosted their price target on Visteon from $134.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Finally, Morgan Stanley raised their price target on Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.08.

Insider Activity at Visteon

In related news, CEO Sachin Lawande sold 595 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at $19,311,480.54. This represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by insiders.

Visteon Stock Up 0.1%

Shares of VC stock opened at $96.96 on Friday. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $129.10. 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 business’s fifty day moving average is $103.88 and its 200-day moving average is $109.81. The stock has a market cap of $2.65 billion, a PE ratio of 8.71 and a beta of 1.14.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.08. The business had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $945.41 million. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $2.26 earnings per share. Equities analysts expect that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, November 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.1%. Visteon’s payout ratio is currently 9.88%.

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.