AQR Capital Management LLC Has $14.16 Million Position in 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 grew its stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 42.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 183,359 shares of the company's stock after buying an additional 54,925 shares during the period. AQR Capital Management LLC owned approximately 0.67% of Visteon worth $14,159,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Advisors Asset Management Inc. raised its position in shares of Visteon by 19.6% during the first quarter. Advisors Asset Management Inc. now owns 6,781 shares of the company's stock valued at $526,000 after buying an additional 1,112 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Visteon in the first quarter worth about $616,000. Royal Bank of Canada raised its position in Visteon by 389.3% in the first quarter. Royal Bank of Canada now owns 21,992 shares of the company's stock worth $1,707,000 after purchasing an additional 17,497 shares in the last quarter. Graham Capital Management L.P. raised its position in Visteon by 18.0% in the first quarter. Graham Capital Management L.P. now owns 24,594 shares of the company's stock worth $1,909,000 after purchasing an additional 3,758 shares in the last quarter. Finally, State of Wyoming raised its position in Visteon by 161.6% in the first quarter. State of Wyoming now owns 3,102 shares of the company's stock worth $241,000 after purchasing an additional 1,916 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Stock Performance

Shares of Visteon stock traded down $0.66 during trading on Monday, hitting $123.93. 303,197 shares of the stock were exchanged, compared to its average volume of 260,678. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 2.86 and a beta of 1.25. The company has a fifty day moving average price of $117.88 and a 200-day moving average price of $95.27. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $129.10. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.35. The company 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 revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a "buy" rating on shares of Visteon in a research report on Friday, July 25th. Barclays increased their price target on shares of Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Robert W. Baird set a $144.00 price target on shares of Visteon in a research report on Wednesday, September 3rd. Cfra Research lowered shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Visteon from $101.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $124.54.

Insider Buying and Selling

In related news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total transaction of $240,000.00. Following the completion of the sale, the senior vice president owned 18,838 shares of the company's stock, valued at approximately $2,260,560. The trade was a 9.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of Visteon stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $115.09, for a total transaction of $81,713.90. Following the sale, the senior vice president directly owned 6,698 shares of the company's stock, valued at $770,872.82. The trade was a 9.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,102 shares of company stock valued at $1,538,595. Company insiders own 2.00% of the company's stock.

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.