Wealth Enhancement Advisory Services LLC Takes $684,000 Position in Visteon Corporation $VC

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Visteon Corporation (NASDAQ:VC) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,615 shares of the company’s stock, valued at approximately $684,000.

A number of other large investors have also recently modified their holdings of the business. Pallas Capital Advisors LLC bought a new stake in shares of Visteon during the 2nd quarter valued at about $263,000. Parallel Advisors LLC boosted its position in shares of Visteon by 315.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,997 shares of the company’s stock valued at $186,000 after acquiring an additional 1,516 shares during the last quarter. Voya Investment Management LLC lifted its position in Visteon by 166.7% in the 1st quarter. Voya Investment Management LLC now owns 45,539 shares of the company’s stock worth $3,535,000 after buying an additional 28,465 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Visteon in the 1st quarter worth approximately $712,000. Finally, Goldman Sachs Group Inc. lifted its position in Visteon by 31.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock worth $19,371,000 after buying an additional 59,764 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Insider Transactions at Visteon

In other news, Director Francis M. Scricco sold 4,350 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 2,792 shares of the company’s stock, valued at approximately $336,519.76. The trade was a 60.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert R. Vallance sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was 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 of the company’s stock, valued at approximately $2,260,560. The trade was a 9.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,102 shares of company stock valued at $1,338,295. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VC. Guggenheim boosted their target price on Visteon from $134.00 to $143.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Barclays boosted their target price on Visteon from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their target price on Visteon from $120.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Cfra Research downgraded Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company increased their price objective on Visteon from $145.00 to $151.00 and gave the company an “overweight” rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.08.

Visteon Price Performance

Shares of VC stock opened at $120.95 on Friday. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $129.10. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 2.80 and a beta of 1.22. The stock has a fifty day simple moving average of $121.31 and a two-hundred day simple moving average of $98.88. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

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

Visteon Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Monday, August 18th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 18th. Visteon’s payout ratio is presently 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.