Nordea Investment Management AB Boosts Stock Holdings in Visteon Corporation $VC

Nordea Investment Management AB increased its position in Visteon Corporation (NASDAQ:VC) by 11.0% in the third quarter, Holdings Channel.com reports. The fund owned 135,025 shares of the company’s stock after purchasing an additional 13,415 shares during the period. Nordea Investment Management AB’s holdings in Visteon were worth $16,216,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its holdings in shares of Visteon by 111.5% in the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after purchasing an additional 204 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Visteon during the third quarter valued at $44,000. EMC Capital Management bought a new stake in Visteon in the 2nd quarter worth about $45,000. GAMMA Investing LLC raised its position in Visteon by 238.0% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $56,000 after buying an additional 426 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Visteon by 106.6% during the 2nd quarter. Signaturefd LLC now owns 1,886 shares of the company’s stock valued at $176,000 after acquiring an additional 973 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Trading Down 0.7%

Shares of VC stock opened at $97.54 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 8.76 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 has a fifty day moving average price of $100.91 and a 200-day moving average price of $110.61.

Visteon (NASDAQ:VC) last released 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 company had revenue of $917.00 million for the quarter, compared to the consensus estimate of $945.41 million. Visteon had a return on equity of 21.85% and a net margin of 8.22%.Visteon’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.26 earnings per share. As a group, equities analysts predict that Visteon Corporation will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

VC has been the subject of several research reports. Zacks Research cut shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Wolfe Research lowered shares of Visteon from an “outperform” rating to a “peer perform” rating in a research note on Monday. JPMorgan Chase & Co. increased their price target on Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Barclays set a $130.00 price objective on Visteon in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $128.69.

Insider Activity

In related news, CEO Sachin Lawande sold 595 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the transaction, the chief executive officer directly owned 175,527 shares in the company, valued at approximately $19,311,480.54. The trade was a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

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.