Empowered Funds LLC Buys Shares of 147,863 Visteon Corporation $VC

Empowered Funds LLC purchased a new position in Visteon Corporation (NASDAQ:VC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 147,863 shares of the company’s stock, valued at approximately $13,796,000. Empowered Funds LLC owned approximately 0.54% of Visteon at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in VC. American Century Companies Inc. lifted its holdings 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 worth $134,106,000 after acquiring an additional 279,714 shares during the last quarter. Pacer Advisors Inc. raised its position in Visteon by 2,402.0% during the first quarter. Pacer Advisors Inc. now owns 271,738 shares of the company’s stock valued at $21,092,000 after purchasing an additional 260,877 shares in the last quarter. New Vernon Capital Holdings II LLC bought a new stake in Visteon during the first quarter worth about $17,068,000. Nuveen LLC bought a new stake in Visteon during the first quarter worth about $15,612,000. Finally, Walleye Capital LLC boosted its holdings in shares of Visteon by 2,881.5% in the 1st quarter. Walleye Capital LLC now owns 164,102 shares of the company’s stock worth $12,738,000 after purchasing an additional 158,598 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Up 0.8%

Shares of NASDAQ VC opened at $101.20 on Wednesday. The firm’s fifty day moving average is $114.59 and its 200 day moving average is $107.02. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $129.10. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 2.52 and a beta of 1.33.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The business had revenue of $917.00 million for the quarter, compared to analyst estimates of $945.41 million. During the same quarter last year, the firm earned $2.26 EPS. The company’s revenue was down 6.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 18th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, November 18th. Visteon’s payout ratio is currently 9.88%.

Wall Street Analyst Weigh In

VC has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on Visteon from $145.00 to $151.00 and gave the company an “overweight” rating in a report on Thursday, September 25th. Morgan Stanley lifted their price target on shares of Visteon from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Visteon from $120.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, July 25th. UBS Group lowered their price target on shares of Visteon from $146.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Zacks Research lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.85.

Insider Buying and Selling

In related news, Director Francis M. Scricco sold 4,350 shares of the company’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 transaction, the director owned 2,792 shares in the company, valued at $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sachin Lawande sold 595 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the completion of the sale, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at $19,311,480.54. The trade was a 0.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.