Visteon Corporation $VC Shares Sold by Moran Wealth Management LLC

Key Points

• Moran Wealth Management LLC reduced its stake in Visteon Corporation by 12.8%, owning 28,382 shares worth approximately $2.65 million after selling 4,162 shares in the 2nd quarter.
• Director Francis M. Scricco sold 4,350 shares, resulting in a 60.91% decrease in his ownership, while other insiders have also sold shares recently, totaling over 11,102 shares sold in the last ninety days.
• Visteon reported $2.39 earnings per share for its last quarter, exceeding estimates, and announced a $0.275 quarterly dividend, reflecting a 0.9% yield.

Moran Wealth Management LLC reduced its stake in Visteon Corporation (NASDAQ:VC - Free Report) by 12.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,382 shares of the company's stock after selling 4,162 shares during the quarter. Moran Wealth Management LLC owned approximately 0.10% of Visteon worth $2,648,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS raised its position in Visteon by 1.7% in the second quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company's stock valued at $550,000 after purchasing an additional 100 shares during the period. Cardinal Capital Management boosted its position in shares of Visteon by 0.7% during the second quarter. Cardinal Capital Management now owns 19,998 shares of the company's stock worth $1,866,000 after buying an additional 139 shares during the period. Fifth Third Bancorp grew its stake in shares of Visteon by 111.5% in the second quarter. Fifth Third Bancorp now owns 387 shares of the company's stock valued at $36,000 after buying an additional 204 shares in the last quarter. Covestor Ltd raised its holdings in shares of Visteon by 9.9% in the 1st quarter. Covestor Ltd now owns 2,531 shares of the company's stock valued at $196,000 after buying an additional 227 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of Visteon by 33.5% in the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after buying an additional 229 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Transactions at Visteon

In related news, Director Francis M. Scricco sold 4,350 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the completion of the sale, the director owned 2,792 shares in the company, valued at $336,519.76. The trade was a 60.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the completion of the transaction, the senior vice president owned 6,698 shares in the company, valued at $770,872.82. This represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,102 shares of company stock valued at $1,338,295. 2.00% of the stock is currently owned by corporate insiders.

Visteon Stock Up 2.4%

Shares of Visteon stock opened at $115.99 on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $129.10. The company has a market capitalization of $3.16 billion, a P/E ratio of 11.06, a P/E/G ratio of 2.70 and a beta of 1.22. The company has a 50 day moving average of $121.68 and a 200 day moving average of $100.75.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.35. The business had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The company's revenue was down 4.4% on a year-over-year basis. During the same period last year, the business earned $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VC. Robert W. Baird set a $144.00 target price on Visteon in a report on Wednesday, September 3rd. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Wall Street Zen raised shares of Visteon from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. Wells Fargo & Company increased their target price on shares of Visteon from $145.00 to $151.00 and gave the stock an "overweight" rating in a report on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Visteon has a consensus rating of "Moderate Buy" and a consensus price target of $131.00.

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.

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