Oliver Luxxe Assets LLC Acquires Shares of 14,955 Visteon Corporation $VC

Oliver Luxxe Assets LLC bought a new stake in Visteon Corporation (NASDAQ:VC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,955 shares of the company’s stock, valued at approximately $1,793,000. Oliver Luxxe Assets LLC owned 0.05% of Visteon as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. State of Alaska Department of Revenue increased its position in Visteon by 41.4% in the third quarter. State of Alaska Department of Revenue now owns 4,329 shares of the company’s stock worth $518,000 after purchasing an additional 1,268 shares during the period. SG Americas Securities LLC bought a new position in shares of Visteon in the 3rd quarter valued at about $211,000. Robeco Institutional Asset Management B.V. grew its position in shares of Visteon by 16.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 14,611 shares of the company’s stock worth $1,751,000 after buying an additional 2,018 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Visteon during the 3rd quarter worth approximately $5,996,000. Finally, Merit Financial Group LLC raised its stake in shares of Visteon by 7.4% during the third quarter. Merit Financial Group LLC now owns 2,480 shares of the company’s stock worth $297,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on VC shares. Royal Bank Of Canada lifted their target price on shares of Visteon from $136.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Wall Street Zen lowered Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. upped their price objective on Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, October 20th. Zacks Research lowered Visteon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Finally, UBS Group reduced their target price on Visteon from $146.00 to $142.00 and set a “buy” rating on the stock in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.08.

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 shares were sold at an average price of $110.02, for a total value of $65,461.90. Following the transaction, the chief executive officer owned 175,527 shares of the company’s stock, valued at approximately $19,311,480.54. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Visteon Price Performance

VC opened at $101.89 on Monday. The stock has a market cap of $2.78 billion, a P/E ratio of 9.15 and a beta of 1.15. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $129.10. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $101.47 and a 200 day simple moving average of $110.72.

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

Visteon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, November 18th. Visteon’s dividend payout ratio (DPR) is 9.88%.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.