Wellington Management Group LLP Has $82.72 Million Stake in Visteon Corporation $VC

Key Points

• Wellington Management Group reduced its stake in Visteon Corporation by 36.6% during the first quarter, selling 615,146 shares and now owning approximately 3.91% of the company.
• Multiple analysts have raised their price targets for Visteon stock, with Wells Fargo increasing its target from $106.00 to $129.00, maintaining an "overweight" rating.
• Visteon recently announced a quarterly dividend of $0.275 per share, which will be distributed on September 5th, reflecting an annual yield of 0.9%.

Wellington Management Group LLP lessened its holdings in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 36.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,065,681 shares of the company's stock after selling 615,146 shares during the period. Wellington Management Group LLP owned 3.91% of Visteon worth $82,718,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. American Century Companies Inc. grew its position in shares of Visteon by 19.3% during the 1st quarter. American Century Companies Inc. now owns 1,727,731 shares of the company's stock valued at $134,106,000 after buying an additional 279,714 shares during the last quarter. Invesco Ltd. grew its position in shares of Visteon by 2.2% during the 1st quarter. Invesco Ltd. now owns 1,210,198 shares of the company's stock valued at $93,936,000 after buying an additional 25,687 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Visteon by 17.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after buying an additional 124,897 shares during the last quarter. Ameriprise Financial Inc. grew its position in Visteon by 20.0% in the 4th quarter. Ameriprise Financial Inc. now owns 426,163 shares of the company's stock worth $37,809,000 after purchasing an additional 71,024 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Visteon by 5.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 389,532 shares of the company's stock worth $34,560,000 after purchasing an additional 19,990 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Insider Activity

In other Visteon news, SVP Joao Paulo Ribeiro sold 710 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president owned 6,698 shares in the company, valued at approximately $770,872.82. This represents a 9.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction 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 transaction, the director owned 2,792 shares in the company, valued at approximately $336,519.76. This trade represents a 60.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,102 shares of company stock worth $1,538,595 over the last 90 days. 2.00% of the stock is owned by company insiders.

Visteon Price Performance

Shares of NASDAQ:VC traded down $0.72 during trading on Wednesday, reaching $126.78. The company had a trading volume of 150,765 shares, compared to its average volume of 376,596. The firm's fifty day moving average is $109.54 and its 200 day moving average is $91.35. The firm has a market capitalization of $3.46 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 4.87 and a beta of 1.22. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $128.32. 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 (NASDAQ:VC - Get Free Report) last issued its quarterly 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. The company had revenue of $969.00 million during 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 business's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on VC shares. Barclays upped their target price on shares of Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their target price on shares of Visteon from $101.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of Visteon from a "hold" rating to a "buy" rating in a research report on Sunday. UBS Group restated a "buy" rating and issued a $146.00 target price (up previously from $142.00) on shares of Visteon in a research report on Friday, July 25th. Finally, Morgan Stanley upped their target price on shares of Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. 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 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.