Curi RMB Capital LLC Acquires 7,635 Shares of Visteon Corporation $VC

Key Points

• Curi RMB Capital LLC increased its stake in Visteon Corporation by 5.4%, acquiring an additional 7,635 shares, bringing their total holdings to approximately 148,665 shares valued at $11.54 million.
• Several other institutional investors, including Northern Trust Corp and Bank of America Corp DE, have also significantly increased their positions in Visteon, with over 99% of the stock now owned by institutional investors.
• Visteon recently announced a quarterly dividend of $0.275, with an annualized value of $1.10, representing a dividend yield of 0.9%.

Curi RMB Capital LLC grew its position in Visteon Corporation (NASDAQ:VC - Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,665 shares of the company's stock after purchasing an additional 7,635 shares during the quarter. Curi RMB Capital LLC owned approximately 0.55% of Visteon worth $11,539,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. UMB Bank n.a. lifted its holdings in shares of Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after buying an additional 324 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after acquiring an additional 408 shares during the last quarter. CX Institutional bought a new position in Visteon during the first quarter worth $63,000. Signaturefd LLC raised its stake in Visteon by 33.5% during the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after purchasing an additional 229 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Visteon during the 1st quarter valued at $84,000. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Visteon

In related news, SVP Joao Paulo Ribeiro sold 710 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $115.09, for a total transaction of $81,713.90. Following the sale, the senior vice president owned 6,698 shares of the company's stock, valued at $770,872.82. This represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total value of $200,300.00. Following the completion of the transaction, the senior vice president directly owned 20,838 shares of the company's stock, valued at $2,086,925.70. This represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,102 shares of company stock valued at $1,538,595 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on VC. Morgan Stanley boosted their price objective on shares of Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Visteon in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a report on Friday, July 25th. Barclays raised their price objective on shares of Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Finally, Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.58.

Visteon Stock Performance

NASDAQ VC traded up $3.63 during trading on Monday, reaching $128.76. 289,049 shares of the company's stock were exchanged, compared to its average volume of 373,492. 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 business has a 50 day moving average price of $114.79 and a 200-day moving average price of $93.66. The stock has a market capitalization of $3.51 billion, a P/E ratio of 12.27, a PEG ratio of 4.83 and a beta of 1.25. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $129.10.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results 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. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The business had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. During the same period in the previous year, the firm earned $2.54 EPS. The firm's revenue was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Dividend Announcement

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