Raymond James Financial Inc. Decreases Stock Holdings in Visteon Corporation $VC

Key Points

• Raymond James Financial Inc. has reduced its stake in Visteon Corporation by 6.4%, owning approximately 0.39% of the company's shares following the sale of 7,375 shares in the first quarter.
• Analysts are optimistic about Visteon, with upgrades from several firms, including a price target increase from Wells Fargo to $129.00, indicating a generally favorable outlook.
• Visteon recently announced a quarterly dividend of $0.275 per share, providing an annualized yield of 0.9% to investors.

Raymond James Financial Inc. lowered its position in Visteon Corporation (NASDAQ:VC - Free Report) by 6.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,259 shares of the company's stock after selling 7,375 shares during the period. Raymond James Financial Inc. owned 0.39% of Visteon worth $8,326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cresset Asset Management LLC bought a new position in shares of Visteon during the 1st quarter valued at approximately $210,000. American Century Companies Inc. lifted its position in shares of Visteon by 19.3% in the first quarter. American Century Companies Inc. now owns 1,727,731 shares of the company's stock valued at $134,106,000 after acquiring an additional 279,714 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Visteon in the first quarter worth about $84,000. Russell Investments Group Ltd. increased its holdings in shares of Visteon by 15.9% in the first quarter. Russell Investments Group Ltd. now owns 21,781 shares of the company's stock worth $1,691,000 after purchasing an additional 2,987 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Visteon in the first quarter worth about $15,612,000. Institutional investors own 99.71% of the company's stock.

Visteon Stock Performance

Visteon stock traded down $0.93 during midday trading on Wednesday, reaching $122.71. The stock had a trading volume of 457,931 shares, compared to its average volume of 275,980. The firm's 50-day moving average price is $113.53 and its 200 day moving average price is $93.06. 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 12 month low of $65.10 and a 12 month high of $128.32. The firm has a market capitalization of $3.35 billion, a PE ratio of 11.70, a P/E/G ratio of 4.79 and a beta of 1.25.

Visteon (NASDAQ:VC - Get Free Report) last announced its 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. 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 analyst estimates of $943.12 million. During the same period in the previous year, the business posted $2.54 earnings per share. Visteon'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, research analysts predict that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, August 18th. This represents a $1.10 annualized dividend and a yield of 0.9%. Visteon's dividend payout ratio (DPR) is currently 10.49%.

Insider Buying and Selling at Visteon

In related news, SVP Joao Paulo Ribeiro sold 710 shares of Visteon 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 completion of the sale, the senior vice president directly owned 6,698 shares in the company, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction dated 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 owned 20,838 shares of the company's stock, valued at $2,086,925.70. The trade was a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,102 shares of company stock valued at $1,538,595. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently commented on VC shares. Morgan Stanley increased their price objective on Visteon from $90.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Wall Street Zen raised shares of Visteon from a "hold" rating to a "buy" rating in a research note on Sunday, August 24th. Wells Fargo & Company increased their price target on Visteon from $106.00 to $129.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Cfra Research downgraded shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 24th. Finally, Robert W. Baird upgraded shares of Visteon from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $96.00 to $125.00 in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $116.00.

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.