Cresset Asset Management LLC Takes $210,000 Position in Visteon Corporation $VC

Cresset Asset Management LLC acquired a new position in Visteon Corporation (NASDAQ:VC) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,708 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Visteon by 34.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,798 shares of the company’s stock worth $1,313,000 after buying an additional 3,789 shares in the last quarter. Mariner LLC increased its position in shares of Visteon by 14.2% in the fourth quarter. Mariner LLC now owns 4,285 shares of the company’s stock valued at $380,000 after acquiring an additional 533 shares during the last quarter. First Trust Advisors LP raised its holdings in Visteon by 558.6% during the fourth quarter. First Trust Advisors LP now owns 48,350 shares of the company’s stock worth $4,290,000 after acquiring an additional 41,009 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Visteon by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company’s stock worth $74,886,000 after acquiring an additional 124,897 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its position in Visteon by 16.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 15,178 shares of the company’s stock valued at $1,347,000 after purchasing an additional 2,186 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Buying and Selling

In related news, SVP Joao Paulo Ribeiro sold 710 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $115.09, for a total value of $81,713.90. Following the completion of the sale, the senior vice president directly owned 6,698 shares in the company, valued at $770,872.82. The trade was a 9.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of the company’s stock in a transaction on 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 transaction, the senior vice president directly owned 18,838 shares in the company, valued at approximately $2,260,560. This represents a 9.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,102 shares of company stock valued at $1,538,595. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

VC has been the topic of several recent analyst reports. Baird R W raised Visteon from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 11th. Wells Fargo & Company raised their target price on shares of Visteon from $106.00 to $129.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. UBS Group restated a “buy” rating and set a $146.00 target price (up from $142.00) on shares of Visteon in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Visteon from $120.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 price objective for the company in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Visteon Price Performance

Shares of VC opened at $127.50 on Wednesday. The firm has a market capitalization of $3.48 billion, a PE ratio of 12.15, a PEG ratio of 4.87 and a beta of 1.22. 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 company’s 50-day moving average is $109.54 and its 200-day moving average is $91.35. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $127.84.

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

Visteon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.275 per share. The ex-dividend date is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.9%. Visteon’s dividend payout ratio (DPR) is 10.49%.

Visteon Profile

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.