GSA Capital Partners LLP Takes $742,000 Position in Visteon Corporation (NASDAQ:VC)

Key Points

• GSA Capital Partners LLP acquired 9,561 shares of Visteon Corporation, valued at approximately $742,000, marking a notable increase in investment interest in the company.
• Visteon reported $2.39 EPS for the quarter, exceeding analysts' expectations, and their quarterly revenue was $969 million, down 4.4% year-over-year.
• The company declared a quarterly dividend of $0.275 per share, representing a 1.0% dividend yield, with payment scheduled for September 5th.

GSA Capital Partners LLP purchased a new stake in Visteon Corporation (NASDAQ:VC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,561 shares of the company's stock, valued at approximately $742,000.

Several other hedge funds also recently added to or reduced their stakes in VC. UMB Bank n.a. increased its position in shares of Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after buying an additional 324 shares in the last quarter. Parallel Advisors LLC increased its holdings 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. Quadrant Capital Group LLC increased its holdings in shares of Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after acquiring an additional 347 shares during the last quarter. CX Institutional bought a new position in Visteon during the 1st quarter worth $63,000. Finally, Signaturefd LLC boosted 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 acquiring an additional 229 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Joao Paulo Ribeiro sold 710 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $115.09, for a total transaction of $81,713.90. Following the transaction, the senior vice president directly owned 6,698 shares in the company, valued at $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Robert R. Vallance sold 2,000 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total transaction of $200,300.00. Following the sale, the senior vice president owned 20,838 shares in the company, valued at $2,086,925.70. This trade represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VC shares. Robert W. Baird raised Visteon from a "neutral" rating to an "outperform" rating and upped their target price for the company from $96.00 to $125.00 in a report on Friday, July 11th. Guggenheim dropped their target price on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wolfe Research upgraded Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price objective on the stock in a research report on Wednesday, July 2nd. Barclays lifted their price target on Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Finally, Morgan Stanley reduced their price objective on Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $115.58.

Visteon Stock Performance

Visteon stock traded up $0.25 during mid-day trading on Wednesday, reaching $114.00. 93,235 shares of the company traded hands, compared to its average volume of 384,685. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 4.48 and a beta of 1.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55. The firm's fifty day moving average is $99.49 and its two-hundred day moving average is $87.61. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $117.90.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) 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 the consensus estimate of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.54 earnings per share. On average, equities research analysts expect that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.0%.

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.