Envestnet Asset Management Inc. Acquires 10,463 Shares of Visteon Corporation $VC

Envestnet Asset Management Inc. increased its holdings in Visteon Corporation (NASDAQ:VC) by 42.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,161 shares of the company’s stock after acquiring an additional 10,463 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Visteon worth $3,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Fifth Third Bancorp grew its holdings in Visteon by 111.5% in the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after purchasing an additional 204 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Visteon by 238.0% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $56,000 after purchasing an additional 426 shares during the last quarter. Signaturefd LLC boosted its position in shares of Visteon by 33.5% in the 1st quarter. Signaturefd LLC now owns 913 shares of the company’s stock worth $71,000 after purchasing an additional 229 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Visteon in the 1st quarter worth approximately $84,000. Finally, CWM LLC grew its stake in shares of Visteon by 31.6% in the 1st quarter. CWM LLC now owns 2,072 shares of the company’s stock worth $161,000 after buying an additional 497 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visteon

In other Visteon news, Director Francis M. Scricco sold 4,350 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $120.53, for a total transaction of $524,305.50. Following the transaction, the director owned 2,792 shares of the company’s stock, valued at approximately $336,519.76. This trade represents a 60.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sachin Lawande sold 595 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the sale, the chief executive officer owned 175,527 shares of the company’s stock, valued at approximately $19,311,480.54. This represents a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 8,987 shares of company stock worth $1,082,043. Insiders own 2.00% of the company’s stock.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $105.11 on Friday. The firm’s 50 day simple moving average is $115.68 and its 200-day simple moving average is $106.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89. Visteon Corporation has a one year low of $65.10 and a one year high of $129.10. The firm has a market cap of $2.87 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 2.52 and a beta of 1.33.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.08. The company had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $945.41 million. Visteon had a return on equity of 21.85% and a net margin of 8.22%.Visteon’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.26 earnings per share. Visteon has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.0%. Visteon’s dividend payout ratio is presently 9.88%.

Analyst Upgrades and Downgrades

VC has been the subject of a number of recent research reports. Guggenheim lifted their price objective on Visteon from $134.00 to $143.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Zacks Research downgraded Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. UBS Group lowered their price target on Visteon from $146.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Barclays set a $130.00 price objective on shares of Visteon in a research report on Monday, October 27th. Finally, Bank of America raised their price objective on shares of Visteon from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.85.

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.