Easterly Investment Partners LLC Boosts Stake in Visteon Corporation $VC

Key Points

• Easterly Investment Partners LLC increased its stake in Visteon Corporation by 22.4% during the second quarter, holding a total of 29,363 shares valued at approximately $2.74 million.
• Visteon reported earnings per share of $2.39 for the last quarter, exceeding analysts' estimates of $2.04, although revenue decreased by 4.4% year-over-year.
• The company's quarterly dividend was set at $0.275 per share, resulting in an annual dividend yield of 1.0% and a payout ratio of 10.49%.

Easterly Investment Partners LLC grew its stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 22.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,363 shares of the company's stock after buying an additional 5,370 shares during the period. Easterly Investment Partners LLC owned 0.11% of Visteon worth $2,740,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in VC. Fifth Third Bancorp lifted its holdings in Visteon by 111.5% in the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company's stock valued at $36,000 after purchasing an additional 204 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Visteon by 238.0% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company's stock valued at $56,000 after buying an additional 426 shares during the period. Signaturefd LLC boosted its position in Visteon by 33.5% during the first quarter. Signaturefd LLC now owns 913 shares of the company's stock worth $71,000 after acquiring an additional 229 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Visteon in the 1st quarter worth approximately $84,000. Finally, CWM LLC raised its holdings in Visteon by 31.6% in the 1st quarter. CWM LLC now owns 2,072 shares of the company's stock valued at $161,000 after acquiring an additional 497 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Trading Down 0.3%

Shares of VC stock opened at $115.59 on Friday. The firm's 50 day moving average price is $121.72 and its two-hundred day moving average price is $101.01. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $129.10. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 2.76 and a beta of 1.22.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $943.12 million. During the same quarter in the previous year, the firm posted $2.54 earnings per share. The firm's quarterly revenue was down 4.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. On average, analysts anticipate that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

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

Insider Activity

In other news, SVP Joao Paulo Ribeiro sold 710 shares of the business's stock in a transaction 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 transaction, the senior vice president directly owned 6,698 shares of the company's stock, valued at approximately $770,872.82. The trade was a 9.58% decrease in their ownership of the stock. The transaction 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 the firm'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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,102 shares of company stock worth $1,338,295 over the last 90 days. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on VC shares. Barclays lifted their price objective on Visteon from $120.00 to $135.00 and gave the company an "equal weight" rating in a research report on Friday, October 10th. The Goldman Sachs Group set a $147.00 price target on Visteon in a report on Monday, September 29th. Bank of America increased their price objective on shares of Visteon from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Visteon from $101.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $131.00.

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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