Visteon (NASDAQ:VC) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Visteon (NASDAQ:VC) from a buy rating to a hold rating in a report issued on Saturday.

Other equities analysts have also issued research reports about the company. Wolfe Research lowered Visteon from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. Royal Bank Of Canada dropped their target price on Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. JPMorgan Chase & Co. reduced 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. The Goldman Sachs Group set a $120.00 price target on Visteon in a report on Thursday, January 15th. Finally, Robert W. Baird lowered their price objective on Visteon from $126.00 to $119.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Visteon presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.25.

Visteon Price Performance

VC stock opened at $91.38 on Friday. The company has a market capitalization of $2.45 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.15. Visteon has a 12 month low of $65.10 and a 12 month high of $129.10. The firm’s fifty day simple moving average is $93.68 and its 200-day simple moving average is $101.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53.

Visteon (NASDAQ:VC) last issued its 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. The firm had revenue of $948.00 million during the quarter, compared to analysts’ expectations of $920.25 million. Visteon had a net margin of 6.93% and a return on equity of 17.94%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.44 earnings per share. As a group, equities research analysts forecast that Visteon will post 8.42 earnings per share for the current year.

Visteon Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.375 per share. This is a boost from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, March 2nd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.6%. Visteon’s payout ratio is 15.91%.

Insider Buying and Selling at Visteon

In related news, CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction dated 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 in the company, valued at $16,401,242.88. The trade was a 21.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Visteon

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Visteon by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock valued at $343,267,000 after buying an additional 12,903 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Visteon by 16.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock valued at $126,902,000 after buying an additional 187,347 shares in the last quarter. Invesco Ltd. grew its stake in Visteon by 8.4% in the 4th quarter. Invesco Ltd. now owns 1,253,628 shares of the company’s stock valued at $119,220,000 after acquiring an additional 97,100 shares during the period. Dimensional Fund Advisors LP grew its stake in Visteon by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,228,016 shares of the company’s stock valued at $116,787,000 after acquiring an additional 46,601 shares during the period. Finally, State Street Corp increased its holdings in Visteon by 3.1% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

About Visteon

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.