7,940 Shares in Visteon Corporation $VC Purchased by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired a new position in Visteon Corporation by purchasing 7,940 shares valued at approximately $616,000 in the 1st quarter of the year.
• Visteon reported an EPS of $2.39 for the quarter, exceeding expectations, despite a 4.4% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.275 per share, reflecting a dividend yield of 0.9% and a payout ratio of 10.49%.

Cubist Systematic Strategies LLC purchased a new stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,940 shares of the company's stock, valued at approximately $616,000.

A number of other institutional investors also recently made changes to their positions in VC. New York State Common Retirement Fund raised its position in Visteon by 6.8% in the 1st quarter. New York State Common Retirement Fund now owns 9,117 shares of the company's stock worth $708,000 after purchasing an additional 584 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Visteon by 12.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock valued at $571,000 after buying an additional 799 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Visteon in the first quarter worth about $472,000. Entropy Technologies LP increased its stake in Visteon by 169.5% in the 1st quarter. Entropy Technologies LP now owns 6,505 shares of the company's stock worth $505,000 after purchasing an additional 4,091 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Visteon during the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Visteon Stock Down 0.1%

Shares of NASDAQ VC traded down $0.08 during mid-day trading on Tuesday, hitting $123.85. 387,372 shares of the stock traded hands, compared to its average volume of 264,538. 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 company has a market cap of $3.38 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 2.84 and a beta of 1.25. The stock has a fifty day moving average price of $118.27 and a 200-day moving average price of $95.47.

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

Visteon Dividend Announcement

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

Insider Activity at Visteon

In other news, SVP Joao Paulo Ribeiro sold 710 shares of Visteon stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the completion of the transaction, the senior vice president directly owned 6,698 shares in the company, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Francis M. Scricco sold 4,350 shares of the business'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 value of $524,305.50. Following the completion of the sale, the director directly owned 2,792 shares in the company, valued at approximately $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,102 shares of company stock valued at $1,538,595 in the last three months. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VC shares. UBS Group reiterated a "buy" rating and set a $146.00 price target (up from $142.00) on shares of Visteon in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Cfra Research lowered shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 24th. Bank of America raised their target price on Visteon from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Finally, Robert W. Baird set a $144.00 price target on Visteon in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Visteon presently has a consensus rating of "Moderate Buy" and an average target price of $124.54.

About Visteon

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.