Nuveen LLC Invests $15.61 Million in Visteon Corporation $VC

Key Points

• Nuveen LLC acquired a new position in Visteon Corporation worth approximately $15.61 million, purchasing 201,136 shares during the first quarter.
• Major investors, including UMB Bank and Parallel Advisors, significantly increased their stakes in Visteon, indicating a growing institutional interest in the company.
• Visteon reported earnings of $2.39 per share for the last quarter, exceeding expectations, although it faced a 4.4% revenue decline year-over-year.

Nuveen LLC purchased a new stake in Visteon Corporation (NASDAQ:VC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 201,136 shares of the company's stock, valued at approximately $15,612,000. Nuveen LLC owned about 0.74% of Visteon as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after purchasing an additional 324 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after purchasing an additional 408 shares during the last quarter. CX Institutional purchased a new stake in Visteon in the first quarter valued at $63,000. Signaturefd LLC boosted its holdings in Visteon by 33.5% in the first 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, CWM LLC boosted its holdings in Visteon by 31.6% in the first quarter. CWM LLC now owns 2,072 shares of the company's stock valued at $161,000 after purchasing an additional 497 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Wolfe Research raised shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target on the stock in a report on Wednesday, July 2nd. Wall Street Zen raised shares of Visteon from a "hold" rating to a "buy" rating in a research note on Sunday. Deutsche Bank Aktiengesellschaft increased their target price 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. Finally, Robert W. Baird raised shares of Visteon from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $96.00 to $125.00 in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $116.00.

Visteon Price Performance

Shares of VC traded up $1.36 during mid-day trading on Tuesday, hitting $127.50. 212,417 shares of the company were exchanged, compared to its average volume of 314,532. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $127.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. The company has a 50 day moving average of $109.54 and a 200-day moving average of $91.35. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 4.87 and a beta of 1.22.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly 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. The firm had revenue of $969.00 million during the quarter, compared to the consensus estimate of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. Analysts expect that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be issued a $0.275 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a yield of 0.9%. Visteon's dividend payout ratio is presently 10.49%.

Insider Buying and Selling at Visteon

In other Visteon news, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $120.53, for a total value of $524,305.50. Following the completion of the sale, the director owned 2,792 shares in the company, valued at approximately $336,519.76. This represents a 60.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were 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 owned 18,838 shares of the company's stock, valued at approximately $2,260,560. The trade was a 9.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,102 shares of company stock worth $1,538,595. Insiders own 2.00% of the company's stock.

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.