Hsbc Holdings PLC Has $1.44 Million Stake in Visteon Corporation $VC

Key Points

• Hsbc Holdings PLC reduced its stake in Visteon Corporation by 24.4%, now owning 18,433 shares valued at approximately $1.44 million.
• Visteon reported $2.39 EPS for the recent quarter, exceeding expectations, although revenue decreased by 4.4% year-over-year.
• The company declared a quarterly dividend of $0.275 per share, representing an annual yield of 0.9%.

Hsbc Holdings PLC reduced its stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 24.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,433 shares of the company's stock after selling 5,962 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of Visteon worth $1,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of VC. Mariner LLC raised its stake in shares of Visteon by 14.2% during the fourth quarter. Mariner LLC now owns 4,285 shares of the company's stock valued at $380,000 after purchasing an additional 533 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Visteon by 558.6% during the fourth quarter. First Trust Advisors LP now owns 48,350 shares of the company's stock valued at $4,290,000 after purchasing an additional 41,009 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Visteon by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after purchasing an additional 124,897 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in shares of Visteon by 16.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 15,178 shares of the company's stock valued at $1,347,000 after purchasing an additional 2,186 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Visteon by 78.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company's stock worth $29,850,000 after acquiring an additional 147,685 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Visteon Stock Down 0.7%

Visteon stock traded down $0.89 during mid-day trading on Friday, hitting $123.96. The company's stock had a trading volume of 230,879 shares, compared to its average volume of 296,280. The firm's 50 day moving average is $111.61 and its 200 day moving average is $92.28. The company has a market cap of $3.38 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 4.79 and a beta of 1.25. 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 52-week low of $65.10 and a 52-week high of $128.32.

Visteon (NASDAQ:VC - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, beating the consensus estimate 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 business posted $2.54 EPS. The business's revenue for the quarter 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 earnings per share for the current year.

Visteon Announces Dividend

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

Insider Buying and Selling at Visteon

In other Visteon news, 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 transaction of $524,305.50. Following the transaction, the director owned 2,792 shares of the company's stock, valued at $336,519.76. The trade was a 60.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total value of $200,300.00. Following the transaction, the senior vice president directly owned 20,838 shares in the company, valued at approximately $2,086,925.70. This trade represents a 8.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,102 shares of company stock valued at $1,538,595 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on VC shares. Morgan Stanley boosted their price target on shares of Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. UBS Group reiterated a "buy" rating and issued a $146.00 price target (up from $142.00) on shares of Visteon in a research report on Friday, July 25th. Wells Fargo & Company boosted their price target on shares of Visteon from $106.00 to $129.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted 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. Finally, Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target on the stock in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $116.00.

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.