Visteon Corporation $VC Position Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Visteon Corporation (NASDAQ:VC) by 16.3% in the third quarter, HoldingsChannel.com reports. The firm owned 371,241 shares of the company’s stock after selling 72,506 shares during the quarter. JPMorgan Chase & Co.’s holdings in Visteon were worth $44,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Visteon by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock valued at $343,267,000 after purchasing an additional 12,903 shares during the period. American Century Companies Inc. lifted its holdings in shares of Visteon by 28.6% in the second quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock valued at $207,364,000 after buying an additional 494,820 shares during the period. Dimensional Fund Advisors LP boosted its stake in Visteon by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,181,415 shares of the company’s stock valued at $141,606,000 after buying an additional 4,734 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Visteon by 8.6% during the third quarter. Victory Capital Management Inc. now owns 1,147,059 shares of the company’s stock valued at $137,486,000 after buying an additional 90,501 shares in the last quarter. Finally, State Street Corp grew its holdings in Visteon by 3.1% during the second quarter. State Street Corp now owns 1,107,091 shares of the company’s stock worth $103,292,000 after acquiring an additional 33,155 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group dropped their price target on shares of Visteon from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. JPMorgan Chase & Co. decreased their price target on Visteon from $118.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. Wall Street Zen downgraded Visteon from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Barclays reduced their price objective on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a research note on Friday, January 23rd. Finally, Wolfe Research cut shares of Visteon from an “outperform” rating to a “peer perform” rating in a report on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Visteon has an average rating of “Moderate Buy” and a consensus target price of $122.33.

Visteon Trading Up 0.4%

Shares of VC stock opened at $85.28 on Friday. The firm has a market capitalization of $2.29 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 1.03 and a beta of 1.15. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $129.10. The firm’s fifty day simple moving average is $94.96 and its 200 day simple moving average is $104.44. The company has a current ratio of 1.80, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, February 19th. The company reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.88. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The company had revenue of $948.00 million for the quarter, compared to analyst estimates of $920.25 million. During the same period last year, the business posted $4.44 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.8%. This is a boost from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 2nd. Visteon’s dividend payout ratio (DPR) is 15.91%.

Insider Transactions at Visteon

In other Visteon news, CEO Sachin Lawande sold 49,453 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was 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. This represents a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Visteon Company 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.