American Century Companies Inc. Raises Stock Position in Visteon Corporation $VC

Key Points

• American Century Companies Inc. increased its stake in Visteon Corporation by 19.3% during the first quarter, owning over $134 million worth of shares.
• Analysts have mixed sentiments with Visteon’s price targets, with Deutsche Bank raising its target to $131.00, while Guggenheim reduced theirs to $91.00.
• Visteon reported earnings per share of $2.39 for the latest quarter, exceeding estimates, but experienced a 4.4% decline in revenue compared to the previous year.

American Century Companies Inc. raised its position in Visteon Corporation (NASDAQ:VC - Free Report) by 19.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,727,731 shares of the company's stock after purchasing an additional 279,714 shares during the period. American Century Companies Inc. owned 6.34% of Visteon worth $134,106,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. 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 worth $34,000 after purchasing an additional 324 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after buying an additional 408 shares during the last quarter. CX Institutional acquired a new position in shares of Visteon during the 1st quarter worth about $63,000. Signaturefd LLC increased its holdings in shares of Visteon by 33.5% in the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after acquiring an additional 229 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Visteon during the 1st quarter worth about $84,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VC has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Visteon in a report on Friday, July 25th. Robert W. Baird upgraded shares of Visteon from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $96.00 to $125.00 in a research report on Friday, July 11th. Barclays increased their target price on shares of Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Guggenheim decreased their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $116.00.

Insider Buying and Selling

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. Following the transaction, the senior vice president directly owned 18,838 shares in the company, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 shares were 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 directly owned 6,698 shares in the company, valued at approximately $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 a total of 4,710 shares of company stock valued at $522,014 over the last ninety days. 2.00% of the stock is owned by insiders.

Visteon Stock Performance

NASDAQ:VC traded down $0.98 during trading hours on Wednesday, reaching $120.92. 563,764 shares of the company's stock were exchanged, compared to its average volume of 380,654. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $123.78. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 4.66 and a beta of 1.22. The company has a 50-day moving average of $106.26 and a 200 day moving average of $89.88.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results 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 business had revenue of $969.00 million during the quarter, compared to analysts' expectations of $943.12 million. During the same period in the prior year, the company earned $2.54 earnings per share. The business's revenue was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. Research analysts anticipate that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

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