AlphaQuest LLC Increases Stock Position in Visteon Corporation $VC

Key Points

• AlphaQuest LLC significantly increased its holdings in Visteon Corporation by 2,211.9% during Q1, owning 8,346 shares valued at approximately $648,000.
• Visteon reported an EPS of $2.39 for the last quarter, exceeding analysts' estimates, while its quarterly revenue was down 4.4% year-over-year.
• The company declared a quarterly dividend of $0.275, with an annualized yield of 0.9%, payable on September 5th to stockholders of record on August 18th.

AlphaQuest LLC grew its holdings in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 2,211.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,346 shares of the company's stock after buying an additional 7,985 shares during the quarter. AlphaQuest LLC's holdings in Visteon were worth $648,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VC. UMB Bank n.a. grew its stake in shares of Visteon by 286.7% during 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 during the last quarter. Parallel Advisors LLC grew its stake in shares of Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after buying an additional 408 shares during the last quarter. CX Institutional bought a new position in shares of Visteon during the first quarter valued at approximately $63,000. Signaturefd LLC grew its stake in shares of Visteon by 33.5% during the first quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after buying an additional 229 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Visteon during the first quarter valued at approximately $84,000. Institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on VC shares. Deutsche Bank Aktiengesellschaft upped their target price on Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a research note on Friday, July 25th. The Goldman Sachs Group reiterated a "buy" rating on shares of Visteon in a report on Friday, July 25th. Barclays boosted their price target on Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Wells Fargo & Company boosted their price target on Visteon from $106.00 to $129.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, Wolfe Research upgraded Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target for the company in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Visteon has an average rating of "Moderate Buy" and a consensus target price of $116.00.

Insider Activity at Visteon

In related news, Director Francis M. Scricco sold 4,350 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $120.53, for a total value of $524,305.50. Following the transaction, the director directly owned 2,792 shares of the company's stock, valued at approximately $336,519.76. This trade represents a 60.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president directly owned 6,698 shares in the company, valued at $770,872.82. This represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,102 shares of company stock valued at $1,538,595. 2.00% of the stock is owned by corporate insiders.

Visteon Price Performance

Shares of VC stock traded down $1.76 during mid-day trading on Thursday, hitting $124.85. 285,505 shares of the stock were exchanged, compared to its average volume of 301,380. The company has a market cap of $3.41 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 4.89 and a beta of 1.22. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $128.32. The firm has a fifty day moving average of $110.94 and a 200 day moving average of $91.90. 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 (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.35. The firm had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. Visteon's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company posted $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. Research analysts anticipate that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a yield of 0.9%. Visteon's dividend payout ratio (DPR) is currently 10.49%.

About Visteon

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.