Alberta Investment Management Corp Purchases Shares of 3,500 Visteon Corporation (NASDAQ:VC)

Key Points

• Alberta Investment Management Corp acquired 3,500 shares of Visteon Corporation during the first quarter, valued at approximately $272,000.
• Visteon reported earnings of $2.39 EPS for the last quarter, surpassing expectations, though revenues declined 4.4% year-over-year.
• The firm announced a $0.275 quarterly dividend, set to be paid on September 5th, representing an annual yield of 1.0%.

Alberta Investment Management Corp bought a new stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,500 shares of the company's stock, valued at approximately $272,000.

A number of other hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. boosted 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 purchasing an additional 324 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after buying an additional 408 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after buying an additional 347 shares in the last quarter. CX Institutional bought a new position in shares of Visteon in the first quarter valued at approximately $63,000. Finally, Signaturefd LLC boosted its holdings in shares of Visteon by 33.5% in the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock worth $71,000 after acquiring an additional 229 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the sale, the senior vice president owned 20,838 shares in the company, valued at approximately $2,086,925.70. The trade was a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joao Paulo Ribeiro sold 710 shares of Visteon stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the completion of the sale, the senior vice president 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 disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

Visteon Trading Down 0.0%

VC stock traded down $0.01 during midday trading on Thursday, hitting $113.70. 250,531 shares of the company's stock were exchanged, compared to its average volume of 385,078. Visteon Corporation has a one year low of $65.10 and a one year high of $117.90. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. The company has a market cap of $3.10 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 4.51 and a beta of 1.22. The stock's fifty day moving average price is $100.08 and its 200-day moving average price is $87.79.

Visteon (NASDAQ:VC - Get Free Report) last posted its 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 business had revenue of $969.00 million during the quarter, compared to analysts' expectations of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%. Visteon's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.54 EPS. Research analysts predict that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, August 18th. Visteon's payout ratio is currently 10.49%.

Analyst Upgrades and Downgrades

VC has been the topic of a number of recent analyst reports. Cfra Research lowered Visteon from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 24th. Barclays increased their price objective 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. Robert W. Baird raised shares of Visteon from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $96.00 to $125.00 in a research note on Friday, July 11th. The Goldman Sachs Group restated a "buy" rating on shares of Visteon in a research report on Friday, July 25th. Finally, Morgan Stanley decreased their price objective on Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $115.58.

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.