AQR Capital Management LLC Acquires 54,925 Shares of Visteon Corporation $VC

Key Points

• AQR Capital Management LLC increased its stake in Visteon Corporation by 42.8% during the first quarter, now owning approximately 183,359 shares valued at $14.16 million.
• Multiple hedge funds, including Ameriprise Financial Inc. and Bank of America Corp DE, have significantly raised their positions in Visteon, indicating strong institutional interest.
• Visteon reported a quarterly EPS of $2.39, exceeding expectations, despite a 4.4% year-over-year revenue decline.

AQR Capital Management LLC increased its holdings in Visteon Corporation (NASDAQ:VC - Free Report) by 42.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,359 shares of the company's stock after acquiring an additional 54,925 shares during the quarter. AQR Capital Management LLC owned about 0.67% of Visteon worth $14,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VC. UMB Bank n.a. lifted its stake in Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after acquiring an additional 324 shares during the period. Parallel Advisors LLC lifted its stake in Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after acquiring an additional 408 shares during the period. CX Institutional purchased a new stake in Visteon in the first quarter worth $63,000. Signaturefd LLC lifted its stake in Visteon by 33.5% in the first quarter. Signaturefd LLC now owns 913 shares of the company's stock worth $71,000 after acquiring an additional 229 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Visteon in the first quarter worth $84,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insiders Place Their Bets

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the transaction, the senior vice president directly owned 20,838 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. Also, SVP Joao Paulo Ribeiro sold 710 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was 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 $770,872.82. The trade was a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,102 shares of company stock valued at $1,538,595. Insiders own 2.00% of the company's stock.

Visteon Stock Performance

Shares of Visteon stock traded up $0.13 during trading on Monday, hitting $124.72. 16,166 shares of the company's stock traded hands, compared to its average volume of 367,954. The stock has a market capitalization of $3.40 billion, a P/E ratio of 11.90, a PEG ratio of 2.86 and a beta of 1.25. 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 business has a 50-day simple moving average of $117.43 and a 200-day simple moving average of $95.01. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $129.10.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.35. The business had revenue of $969.00 million for 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%.The business's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the firm posted $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. As a group, analysts forecast that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, August 18th. Visteon's dividend payout ratio (DPR) is presently 10.49%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VC shares. Baird R W upgraded Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. The Goldman Sachs Group reiterated a "buy" rating on shares of Visteon in a report on Friday, July 25th. Wolfe Research upgraded Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price objective for the company in a report on Wednesday, July 2nd. Robert W. Baird set a $144.00 price objective on Visteon in a report on Wednesday, September 3rd. Finally, Wall Street Zen downgraded Visteon from a "buy" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $124.54.

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.