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) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,171 shares of the company's stock, valued at approximately $712,000.

Several other hedge funds also recently made changes to their positions in the company. Covestor Ltd grew its holdings in shares of Visteon by 9.9% during the first quarter. Covestor Ltd now owns 2,531 shares of the company's stock worth $196,000 after buying an additional 227 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Visteon by 33.5% during the first quarter. Signaturefd LLC now owns 913 shares of the company's stock worth $71,000 after buying an additional 229 shares in the last quarter. US Bancorp DE grew its holdings in shares of Visteon by 3.0% during the first quarter. US Bancorp DE now owns 8,111 shares of the company's stock worth $630,000 after buying an additional 239 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Visteon by 9.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,199 shares of the company's stock worth $248,000 after buying an additional 265 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings 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 buying an additional 324 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Visteon from $130.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday. Wall Street Zen downgraded shares of Visteon from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group restated a "buy" rating and issued a $146.00 target price (up from $142.00) on shares of Visteon in a report on Friday, July 25th. Morgan Stanley boosted their target price on shares of Visteon from $90.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Finally, Wells Fargo & Company boosted their target price on shares of Visteon from $129.00 to $145.00 and gave the company an "overweight" rating in a report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Visteon presently has a consensus rating of "Moderate Buy" and an average target price of $124.54.

Visteon Stock Down 2.9%

VC traded down $3.69 during trading on Friday, hitting $124.59. The company had a trading volume of 192,287 shares, compared to its average volume of 261,791. The company has a market cap of $3.40 billion, a PE ratio of 11.88, a P/E/G ratio of 2.94 and a beta of 1.25. The business has a 50-day moving average of $117.43 and a 200-day moving average of $94.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55. 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 posted its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.61% and a return on equity of 23.22%. The firm's quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company 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 earnings per share for the current year.

Visteon Dividend Announcement

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

Insider Buying and Selling at Visteon

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the business's stock in a transaction on 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 in the company, valued at $2,260,560. The trade was a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Francis M. Scricco sold 4,350 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total transaction of $524,305.50. Following the sale, the director owned 2,792 shares of the company's stock, valued at approximately $336,519.76. The trade was a 60.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,102 shares of company stock worth $1,538,595 over the last 90 days. 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.