Cwm LLC Has $729,000 Stake in Visteon Corporation $VC

Key Points

• Cwm LLC increased its stake in Visteon Corporation by 277.2% to a total of 7,815 shares, valued at $729,000 as of the end of the last quarter.
• Visteon recently reported quarterly earnings of $2.15 per share, exceeding analyst estimates by $0.08, despite a 6.4% year-over-year decline in revenue.
• The company also announced a quarterly dividend of $0.275 per share, with a dividend yield of 1.0%, to be paid on December 5th.

Cwm LLC lifted its holdings in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 277.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,815 shares of the company's stock after buying an additional 5,743 shares during the quarter. Cwm LLC's holdings in Visteon were worth $729,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC boosted its stake in Visteon by 29.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,677 shares of the company's stock worth $623,000 after acquiring an additional 1,519 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in Visteon by 1.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company's stock worth $550,000 after acquiring an additional 100 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Visteon during the 2nd quarter worth approximately $1,175,000. Truist Financial Corp bought a new position in Visteon during the 2nd quarter worth approximately $722,000. Finally, Signaturefd LLC boosted its stake in Visteon by 106.6% during the 2nd quarter. Signaturefd LLC now owns 1,886 shares of the company's stock worth $176,000 after acquiring an additional 973 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Stock Performance

Shares of VC opened at $110.22 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $129.10. The firm's 50 day moving average price is $121.31 and its two-hundred day moving average price is $102.37. The firm has a market cap of $3.01 billion, a P/E ratio of 10.51, a PEG ratio of 2.74 and a beta of 1.22.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.07 by $0.08. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $945.41 million. During the same quarter in the previous year, the firm posted $2.26 earnings per share. The business's revenue was down 6.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. On average, analysts forecast that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 18th. Visteon's payout ratio is currently 10.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Cfra Research lowered shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 24th. Wolfe Research raised shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price objective on the stock in a research note on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Royal Bank Of Canada reissued an "outperform" rating and set a $136.00 price objective on shares of Visteon in a research note on Friday, October 10th. Finally, Bank of America lifted their price target 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 research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.62.

Insider Transactions at Visteon

In other news, SVP Joao Paulo Ribeiro sold 710 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $115.09, for a total value 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. The trade was a 9.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $240,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 11,102 shares of company stock valued at $1,338,295 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

Visteon Company 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.

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