Invenomic Capital Management LP Acquires New Stake in Visteon Corporation $VC

Key Points

• Invenomic Capital Management LP has acquired 50,859 shares of Visteon Corporation, valued at approximately $3,948,000, representing a 0.19% ownership stake as of their latest SEC filing.
• Analysts have a consensus rating of "Moderate Buy" for Visteon, with a target price increase from various firms, including Deutsche Bank raising it to $131.00 and Morgan Stanley to $95.00.
• Visteon recently announced a quarterly dividend of $0.275 per share, with a dividend yield of 0.9%, and a payout ratio of 10.49%.

Invenomic Capital Management LP purchased a new stake in Visteon Corporation (NASDAQ:VC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,859 shares of the company's stock, valued at approximately $3,948,000. Invenomic Capital Management LP owned about 0.19% of Visteon as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of VC. UMB Bank n.a. lifted its stake in shares of Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after acquiring an additional 324 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after acquiring an additional 408 shares during the last quarter. CX Institutional bought a new position in Visteon during the 1st quarter worth $63,000. Signaturefd LLC raised its position in Visteon by 33.5% during the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock worth $71,000 after purchasing an additional 229 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Visteon during the 1st quarter worth $84,000. 99.71% of the stock is currently owned by institutional investors.

Insider Transactions at Visteon

In other 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 value of $524,305.50. Following the transaction, the director owned 2,792 shares in the company, valued at $336,519.76. The trade was a 60.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joao Paulo Ribeiro sold 710 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $115.09, for a total value 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. The trade was a 9.58% 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 in the last 90 days. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

VC has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Visteon in a research report on Friday, July 25th. Barclays raised their target price on Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Cfra Research lowered Visteon from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 24th. Wells Fargo & Company raised their target price on Visteon from $129.00 to $145.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, UBS Group reiterated a "buy" rating and set a $146.00 price target (up from $142.00) on shares of Visteon in a report on Friday, July 25th. One research 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $123.25.

Visteon Stock Down 1.5%

VC stock traded down $1.90 during mid-day trading on Tuesday, reaching $126.86. 281,563 shares of the company traded hands, compared to its average volume of 372,957. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 4.83 and a beta of 1.25. 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 fifty-two week low of $65.10 and a fifty-two week high of $129.10. The firm's 50 day moving average price is $115.50 and its 200 day moving average price is $93.94.

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

Visteon Dividend Announcement

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

Visteon Company 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.