Islay Capital Management LLC Acquires Shares of 14,954 Visteon Corporation $VC

Key Points

• Islay Capital Management LLC acquired 14,954 shares of Visteon Corporation valued at approximately $1,161,000, representing 0.05% ownership.
• Various institutional investors have increased or initiated their stakes in Visteon, with notable increases from New York State Common Retirement Fund (6.8%) and Mirae Asset Global Investments (12.3%).
• Analyst ratings for Visteon have improved, with Wells Fargo raising the price target from $106.00 to $129.00, indicating a strengthening outlook for the stock.

Islay Capital Management LLC acquired a new stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,954 shares of the company's stock, valued at approximately $1,161,000. Islay Capital Management LLC owned approximately 0.05% of Visteon as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its holdings in Visteon by 6.8% during the first quarter. New York State Common Retirement Fund now owns 9,117 shares of the company's stock valued at $708,000 after purchasing an additional 584 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 purchasing an additional 799 shares in 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 lifted its stake in shares of Visteon by 169.5% in the first quarter. Entropy Technologies LP now owns 6,505 shares of the company's stock worth $505,000 after buying an additional 4,091 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Visteon in the fourth quarter worth about $203,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 710 shares of Visteon stock in a transaction dated 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 sale, the senior vice president directly owned 6,698 shares in the company, valued at $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Francis M. Scricco sold 4,042 shares of Visteon stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $121.79, for a total transaction of $492,275.18. Following the sale, the director owned 7,142 shares of the company's stock, valued at approximately $869,824.18. This represents a 36.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,752 shares of company stock worth $1,014,289 over the last three months. Insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VC shares. Wells Fargo & Company raised their price target on shares of Visteon from $106.00 to $129.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Wall Street Zen raised shares of Visteon from a "hold" rating to a "buy" rating in a research note on Sunday. Robert W. Baird raised shares of Visteon from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $96.00 to $125.00 in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their price objective 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, UBS Group restated a "buy" rating and set a $146.00 price objective (up from $142.00) on shares of Visteon in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $116.00.

Visteon Price Performance

Shares of VC opened at $125.38 on Monday. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $125.68. The stock has a market cap of $3.42 billion, a PE ratio of 11.95, a P/E/G ratio of 4.84 and a beta of 1.22. The firm has a 50-day simple moving average of $108.12 and a two-hundred day simple moving average of $90.78. 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 (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $943.12 million. During the same period last year, the business earned $2.54 earnings per share. 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. As a group, analysts forecast that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be given a dividend of $0.275 per share. The ex-dividend date is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.9%. Visteon's dividend payout ratio (DPR) 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.

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