GSA Capital Partners LLP Takes 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 bought a new stake in Visteon Corporation (NASDAQ:VC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,561 shares of the company's stock, valued at approximately $742,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund raised its position in shares of Visteon by 6.8% in the 1st quarter. New York State Common Retirement Fund now owns 9,117 shares of the company's stock valued at $708,000 after buying an additional 584 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Visteon by 12.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock worth $571,000 after purchasing an additional 799 shares in the last quarter. SG Americas Securities LLC acquired a new position in Visteon during the 1st quarter worth approximately $472,000. JPMorgan Chase & Co. increased its position in Visteon by 2.7% during the 4th quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock worth $58,231,000 after purchasing an additional 17,526 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Visteon during the 4th quarter worth approximately $203,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total value of $200,300.00. Following the transaction, the senior vice president owned 20,838 shares in the company, valued at approximately $2,086,925.70. This trade represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joao Paulo Ribeiro sold 710 shares of the firm'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 transaction 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. This represents a 9.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VC shares. Wolfe Research raised shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price on the stock in a report on Wednesday, July 2nd. The Goldman Sachs Group reissued a "buy" rating on shares of Visteon in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Finally, Barclays boosted their target price on shares of Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Visteon presently has a consensus rating of "Moderate Buy" and an average price target of $115.58.

Visteon Stock Performance

NASDAQ:VC traded up $2.37 on Monday, reaching $112.91. 405,991 shares of the company's stock were exchanged, compared to its average volume of 532,437. 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 has a market cap of $3.08 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 4.39 and a beta of 1.22. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $117.90. The stock has a fifty day simple moving average of $98.33 and a 200-day simple moving average of $87.22.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.35. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The company had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. During the same period last year, the business earned $2.54 earnings per share. Visteon's revenue was down 4.4% compared to the same quarter last year. As a group, sell-side analysts predict 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, September 5th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.0%.

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.