Quantbot Technologies LP Sells 3,276 Shares of Visteon Corporation $VC

Key Points

• Quantbot Technologies LP reduced its stake in Visteon Corporation by 55.6% during the first quarter, now holding 2,615 shares valued at approximately $203,000.
• Institutional investors own 99.71% of Visteon’s stock, with American Century Companies Inc. increasing its holdings by 19.3% during the same period.
• Visteon Corporation's recent quarterly earnings surpassed expectations, reporting $2.39 EPS against a consensus estimate of $2.04, although the company’s revenue declined by 4.4% compared to the previous year.

Quantbot Technologies LP trimmed its holdings in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 55.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,615 shares of the company's stock after selling 3,276 shares during the period. Quantbot Technologies LP's holdings in Visteon were worth $203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VC. UMB Bank n.a. boosted its stake in Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after acquiring an additional 324 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after purchasing an additional 408 shares during the last quarter. CX Institutional bought a new stake in shares of Visteon in the 1st quarter worth approximately $63,000. Signaturefd LLC boosted its position in Visteon by 33.5% during the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after purchasing an additional 229 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Visteon during the 1st quarter worth $84,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Activity

In other news, SVP Joao Paulo Ribeiro sold 710 shares of the firm's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $115.09, for a total value of $81,713.90. Following the sale, the senior vice president directly owned 6,698 shares of the company's stock, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Francis M. Scricco sold 4,350 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were 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. Over the last ninety days, insiders have sold 13,102 shares of company stock valued at $1,538,595. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. The Goldman Sachs Group reiterated a "buy" rating on shares of Visteon in a research report on Friday, July 25th. JPMorgan Chase & Co. boosted their target price on shares of Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Morgan Stanley raised their target price on Visteon from $90.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Finally, Wells Fargo & Company increased their price target on Visteon from $106.00 to $129.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Visteon has a consensus rating of "Moderate Buy" and a consensus target price of $116.00.

Visteon Stock Performance

Shares of NASDAQ:VC traded down $0.89 during midday 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 stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 4.79 and a beta of 1.25. The stock's 50 day simple moving average is $111.61 and its 200 day simple moving average is $92.28. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $128.32. 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 (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.35. The company had revenue of $969.00 million for 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 revenue was down 4.4% compared to the same quarter last year. During the same period last year, the business posted $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 18th. 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.