XTX Topco Ltd Makes New $693,000 Investment in Visteon Corporation $VC

XTX Topco Ltd acquired a new stake in Visteon Corporation (NASDAQ:VC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 7,426 shares of the company’s stock, valued at approximately $693,000.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Visteon by 3.0% in the first quarter. US Bancorp DE now owns 8,111 shares of the company’s stock valued at $630,000 after purchasing an additional 239 shares during the period. Alberta Investment Management Corp acquired a new position in Visteon in the 1st quarter worth $272,000. PNC Financial Services Group Inc. lifted its holdings in Visteon by 9.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,199 shares of the company’s stock worth $248,000 after buying an additional 265 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Visteon by 4.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 382,341 shares of the company’s stock valued at $29,677,000 after acquiring an additional 15,732 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Visteon during the first quarter valued at about $2,219,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VC shares. Barclays set a $130.00 price target on Visteon in a research note on Monday, October 27th. The Goldman Sachs Group set a $150.00 target price on Visteon and gave the company a “buy” rating in a research report on Thursday, October 23rd. Bank of America increased their target price on Visteon from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Wells Fargo & Company increased their price objective on shares of Visteon from $145.00 to $151.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.85.

Insider Buying and Selling

In other Visteon news, CEO Sachin Lawande sold 595 shares of Visteon stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the completion of the transaction, the chief executive officer directly owned 175,527 shares in the company, valued at $19,311,480.54. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by insiders.

Visteon Stock Performance

Shares of VC opened at $100.58 on Wednesday. The stock has a market capitalization of $2.74 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 2.52 and a beta of 1.33. The business’s fifty day moving average price is $109.88 and its 200 day moving average price is $108.21. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $129.10.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The company had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $945.41 million. During the same period in the prior year, the company earned $2.26 earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts forecast that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.1%. Visteon’s dividend payout ratio (DPR) is currently 9.88%.

About Visteon

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.