Capital Fund Management S.A. Sells 8,101 Shares of Visteon Corporation $VC

Key Points

• Capital Fund Management S.A. has decreased its stake in Visteon Corporation by 29.6% in Q1, now owning about 0.07% of the company valued at $1,492,000.
• Several institutional investors increased their holdings in Visteon, with American Century Companies Inc. growing its position by 19.3% and Pacer Advisors Inc. expanding its stake by 2,402.0% during the same period.
• Visteon reported a quarterly EPS of $2.39, exceeding expectations, while announcing a $0.275 quarterly dividend yielding 0.9% for the upcoming payment date.

Capital Fund Management S.A. decreased its position in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 29.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,224 shares of the company's stock after selling 8,101 shares during the quarter. Capital Fund Management S.A. owned approximately 0.07% of Visteon worth $1,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Algert Global LLC boosted its position in Visteon by 5.2% during the first quarter. Algert Global LLC now owns 68,568 shares of the company's stock worth $5,322,000 after purchasing an additional 3,370 shares during the period. Cresset Asset Management LLC bought a new position in Visteon in the 1st quarter worth approximately $210,000. American Century Companies Inc. boosted its holdings in Visteon by 19.3% in the 1st quarter. American Century Companies Inc. now owns 1,727,731 shares of the company's stock worth $134,106,000 after buying an additional 279,714 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Visteon in the 1st quarter worth approximately $84,000. Finally, Russell Investments Group Ltd. boosted its holdings in Visteon by 15.9% in the 1st quarter. Russell Investments Group Ltd. now owns 21,781 shares of the company's stock worth $1,691,000 after buying an additional 2,987 shares during the period. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, July 25th. UBS Group restated a "buy" rating and issued a $146.00 target price (up previously from $142.00) on shares of Visteon in a research note on Friday, July 25th. Cfra Research downgraded Visteon from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 24th. Baird R W upgraded Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Visteon currently has a consensus rating of "Moderate Buy" and an average target price of $116.00.

Insider Transactions at Visteon

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction dated Wednesday, August 13th. The stock was 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 $2,260,560. The trade was a 9.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Francis M. Scricco sold 4,350 shares of Visteon 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 sale, the director directly owned 2,792 shares of the company's stock, valued at approximately $336,519.76. This trade represents a 60.91% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,102 shares of company stock valued at $1,538,595. Insiders own 2.00% of the company's stock.

Visteon Price Performance

Shares of VC traded down $1.76 during trading hours on Thursday, reaching $124.85. 285,505 shares of the company's stock traded hands, compared to its average volume of 301,380. The stock has a market cap of $3.41 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 4.89 and a beta of 1.22. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm's 50 day simple moving average is $110.94 and its 200-day simple moving average is $91.90. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $128.32.

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, beating the consensus estimate of $2.04 by $0.35. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The business had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. During the same period in the previous year, the business posted $2.54 earnings per share. Visteon's revenue for the quarter was down 4.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. Equities analysts expect that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 18th. Visteon's 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.