Bayforest Capital Ltd Invests $712,000 in Visteon Corporation $VC

Key Points

• Bayforest Capital Ltd has invested approximately $712,000 in Visteon Corporation by acquiring 9,171 shares during the first quarter, as disclosed in their Form 13F filing.
• Analysts are largely positive on Visteon, with the Goldman Sachs Group reasserting a "buy" rating and Deutsche Bank raising its target price from $120.00 to $131.00.
• Visteon recently reported earnings of $2.39 EPS, surpassing expectations, while announcing a quarterly dividend of $0.275 per share for a yield of 0.9%.

Bayforest Capital Ltd bought a new position in Visteon Corporation (NASDAQ:VC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,171 shares of the company's stock, valued at approximately $712,000.

Several other large investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of Visteon by 19.3% in the first quarter. American Century Companies Inc. now owns 1,727,731 shares of the company's stock worth $134,106,000 after purchasing an additional 279,714 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Visteon by 2.2% in the first quarter. Invesco Ltd. now owns 1,210,198 shares of the company's stock worth $93,936,000 after purchasing an additional 25,687 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Visteon by 40.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 546,099 shares of the company's stock worth $42,389,000 after purchasing an additional 156,567 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Visteon by 20.0% in the fourth quarter. Ameriprise Financial Inc. now owns 426,163 shares of the company's stock worth $37,809,000 after purchasing an additional 71,024 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Visteon by 4.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 382,341 shares of the company's stock worth $29,677,000 after purchasing an additional 15,732 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Francis M. Scricco sold 4,350 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the transaction, the director owned 2,792 shares of the company's stock, valued at approximately $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joao Paulo Ribeiro sold 710 shares of the company'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 transaction, the senior vice president directly owned 6,698 shares in the company, valued at approximately $770,872.82. This represents a 9.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,102 shares of company stock valued at $1,538,595. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VC shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Visteon in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wall Street Zen raised Visteon from a "hold" rating to a "buy" rating in a research note on Sunday, August 24th. Robert W. Baird set a $144.00 price objective on Visteon in a research note on Wednesday, September 3rd. Finally, Cfra Research cut Visteon from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Visteon has an average rating of "Moderate Buy" and a consensus target price of $117.58.

Visteon Trading Up 2.9%

VC opened at $128.76 on Tuesday. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 4.83 and a beta of 1.25. The stock's 50 day moving average price is $115.50 and its 200-day moving average price is $93.94. Visteon Corporation has a one year low of $65.10 and a one year high of $129.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87.

Visteon (NASDAQ:VC - Get Free Report) last released 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. The firm 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 company's quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

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

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.

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