14,955 Shares in Visteon Corporation $VC Bought by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC purchased a new stake in Visteon Corporation (NASDAQ:VC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,955 shares of the company’s stock, valued at approximately $1,793,000.

A number of other institutional investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Visteon by 389.3% during the first quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after buying an additional 17,497 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Visteon by 31.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock worth $19,371,000 after acquiring an additional 59,764 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Visteon by 166.7% in the first quarter. Voya Investment Management LLC now owns 45,539 shares of the company’s stock worth $3,535,000 after purchasing an additional 28,465 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Visteon by 315.2% during the second quarter. Parallel Advisors LLC now owns 1,997 shares of the company’s stock worth $186,000 after purchasing an additional 1,516 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in Visteon in the second quarter valued at $263,000. 99.71% of the stock is currently owned by institutional investors.

Visteon Trading Down 2.2%

Shares of NASDAQ:VC opened at $101.89 on Monday. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $129.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.56 and a current ratio of 1.89. The company has a market capitalization of $2.78 billion, a P/E ratio of 9.15 and a beta of 1.15. The company has a 50-day simple moving average of $101.47 and a 200 day simple moving average of $110.72.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The firm had revenue of $917.00 million for the quarter, compared to the consensus estimate of $945.41 million. During the same quarter in the previous year, the business earned $2.26 earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. Sell-side analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on VC. Barclays set a $130.00 price target on shares of Visteon in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Visteon in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their target price on Visteon from $136.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. UBS Group reduced their price target on Visteon from $146.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Finally, Morgan Stanley boosted their price target on Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.08.

Insider Transactions at Visteon

In other Visteon news, 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 transaction of $65,461.90. Following the completion of the sale, the chief executive officer owned 175,527 shares of the company’s stock, valued at $19,311,480.54. This trade represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Visteon Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.