Advisors Asset Management Inc. Buys 1,112 Shares of Visteon Corporation $VC

Advisors Asset Management Inc. raised its holdings in Visteon Corporation (NASDAQ:VC) by 19.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,781 shares of the company’s stock after acquiring an additional 1,112 shares during the quarter. Advisors Asset Management Inc.’s holdings in Visteon were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund grew its position in Visteon by 6.8% in the 1st quarter. New York State Common Retirement Fund now owns 9,117 shares of the company’s stock valued at $708,000 after acquiring an additional 584 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Visteon by 12.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company’s stock valued at $571,000 after acquiring an additional 799 shares during the last quarter. SG Americas Securities LLC bought a new position in Visteon in the 1st quarter valued at $472,000. Entropy Technologies LP grew its position in Visteon by 169.5% in the 1st quarter. Entropy Technologies LP now owns 6,505 shares of the company’s stock valued at $505,000 after acquiring an additional 4,091 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Visteon in the 4th quarter valued at $203,000. Institutional investors own 99.71% of the company’s stock.

Visteon Trading Down 1.0%

Shares of NASDAQ VC opened at $125.55 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55. The stock has a market capitalization of $3.43 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 4.90 and a beta of 1.25. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $129.10. The business has a fifty day moving average price of $116.51 and a 200 day moving average price of $94.39.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.35. The firm had revenue of $969.00 million during the quarter, compared to analysts’ expectations of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. Equities research analysts expect that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 18th. Visteon’s dividend payout ratio is 10.49%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Wall Street Zen upgraded Visteon from a “hold” rating to a “buy” rating in a report on Sunday, August 24th. Guggenheim upped their target price on Visteon from $134.00 to $143.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group reiterated a “buy” rating and issued a $146.00 target price (up from $142.00) on shares of Visteon in a report on Friday, July 25th. Finally, Wells Fargo & Company upped their target price on Visteon from $129.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.54.

Insider Buying and Selling

In other Visteon news, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $120.53, for a total value of $524,305.50. Following the completion of the sale, the director directly owned 2,792 shares in the company, valued at approximately $336,519.76. This trade represents a 60.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the sale, the senior vice president owned 18,838 shares of the company’s stock, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,102 shares of company stock worth $1,538,595 in the last three months. 2.00% of the stock is owned by insiders.

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.