2,815 Shares in Visteon Corporation $VC Bought by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC has acquired a new stake in Visteon Corporation, purchasing 2,815 shares valued at approximately $263,000 during the 2nd quarter.
• Major institutional investors, including Goldman Sachs and Voya Investment Management, have significantly increased their positions in Visteon, highlighting strong interest among hedge funds with 99.71% of the stock owned by institutional investors.
• Visteon recently reported quarterly earnings exceeding expectations, with an EPS of $2.39, while also announcing a quarterly dividend of $0.275, representing a 0.9% yield.

Pallas Capital Advisors LLC acquired a new stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,815 shares of the company's stock, valued at approximately $263,000.

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in shares of Visteon by 9.9% in the first quarter. Covestor Ltd now owns 2,531 shares of the company's stock worth $196,000 after buying an additional 227 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Visteon by 33.5% in the first quarter. Signaturefd LLC now owns 913 shares of the company's stock worth $71,000 after buying an additional 229 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Visteon by 3.0% in the first quarter. US Bancorp DE now owns 8,111 shares of the company's stock worth $630,000 after buying an additional 239 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Visteon by 9.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,199 shares of the company's stock worth $248,000 after buying an additional 265 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after buying an additional 324 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Visteon

In other news, Director Francis M. Scricco sold 4,350 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $120.53, for a total value of $524,305.50. Following the transaction, the director owned 2,792 shares in the company, valued at approximately $336,519.76. This trade represents a 60.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the completion of the sale, the senior vice president directly owned 20,838 shares of the company's stock, valued at $2,086,925.70. The trade was a 8.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,102 shares of company stock worth $1,538,595. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

VC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Guggenheim increased their price target on shares of Visteon from $134.00 to $143.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. UBS Group reissued a "buy" rating and issued a $146.00 price target (up from $142.00) on shares of Visteon in a report on Friday, July 25th. Bank of America upped their price objective on shares of Visteon from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Visteon in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Visteon currently has a consensus rating of "Moderate Buy" and an average target price of $124.54.

Visteon Price Performance

NASDAQ VC traded down $0.32 on Monday, reaching $124.52. 362,733 shares of the company's stock traded hands, compared to its average volume of 272,986. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $129.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55. The stock has a 50-day simple moving average of $119.26 and a 200 day simple moving average of $96.39. The stock has a market cap of $3.40 billion, a PE ratio of 10.86, a P/E/G ratio of 2.86 and a beta of 1.25.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.39 EPS 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 for 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 quarterly revenue was down 4.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. As a group, research analysts predict that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Dividend Announcement

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

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.