Bayforest Capital Ltd Sells 2,638 Shares of Visteon Corporation $VC

Key Points

• Bayforest Capital Ltd reduced its stake in Visteon Corporation by 28.8%, selling 2,638 shares, bringing its total holdings to 6,533 shares valued at approximately $610,000.
• Various institutional investors increased their stakes in Visteon, with American Century Companies increasing its position by 19.3% and Pacer Advisors boosting theirs by an astonishing 2,402.0%.
• Analysts show a generally positive outlook for Visteon, with Wells Fargo raising its price target to $151.00 and most analysts giving it a "Moderate Buy" rating with an average target of $131.00.

Bayforest Capital Ltd cut its position in Visteon Corporation (NASDAQ:VC - Free Report) by 28.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,533 shares of the company's stock after selling 2,638 shares during the quarter. Bayforest Capital Ltd's holdings in Visteon were worth $610,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VC. American Century Companies Inc. boosted its stake in Visteon by 19.3% in the 1st quarter. American Century Companies Inc. now owns 1,727,731 shares of the company's stock valued at $134,106,000 after purchasing an additional 279,714 shares during the period. Pacer Advisors Inc. boosted its stake in Visteon by 2,402.0% in the 1st quarter. Pacer Advisors Inc. now owns 271,738 shares of the company's stock valued at $21,092,000 after purchasing an additional 260,877 shares during the period. New Vernon Capital Holdings II LLC bought a new stake in Visteon in the 1st quarter valued at $17,068,000. Nuveen LLC bought a new stake in Visteon in the 1st quarter valued at $15,612,000. Finally, Walleye Capital LLC boosted its stake in Visteon by 2,881.5% in the 1st quarter. Walleye Capital LLC now owns 164,102 shares of the company's stock valued at $12,738,000 after purchasing an additional 158,598 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on VC shares. Wells Fargo & Company lifted their price objective on Visteon from $145.00 to $151.00 and gave the company an "overweight" rating in a report on Thursday, September 25th. Robert W. Baird set a $144.00 price objective on Visteon in a report on Wednesday, September 3rd. JPMorgan Chase & Co. lifted their price objective on Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Cfra Research cut Visteon from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 24th. Finally, The Goldman Sachs Group set a $147.00 price objective on Visteon in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $131.00.

Visteon Price Performance

Visteon stock opened at $113.29 on Wednesday. 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 Corporation has a 52 week low of $65.10 and a 52 week high of $129.10. The stock has a market capitalization of $3.09 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 2.57 and a beta of 1.22. The stock has a fifty day moving average of $121.64 and a 200-day moving average of $100.65.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $2.04 by $0.35. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The company had revenue of $969.00 million during the quarter, compared to analysts' expectations of $943.12 million. During the same quarter in the previous year, the firm earned $2.54 EPS. Visteon's revenue was down 4.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were given a dividend of $0.275 per share. The ex-dividend date was Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.0%. Visteon's payout ratio is currently 10.49%.

Insiders Place Their Bets

In other Visteon news, SVP Joao Paulo Ribeiro sold 710 shares of the company'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 owned 6,698 shares of the company's stock, valued at $770,872.82. This represents a 9.58% decrease in their position. The sale 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 company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $120.53, for a total value of $524,305.50. Following the completion of the transaction, the director directly 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 11,102 shares of company stock valued at $1,338,295 in the last 90 days. Corporate insiders own 2.00% of the company's stock.

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.

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