Trexquant Investment LP Sells 9,629 Shares of Visteon Corporation $VC

Key Points

• Trexquant Investment LP reduced its stake in Visteon Corporation by 11.7%, owning 72,463 shares worth approximately $5.6 million after selling 9,629 shares.
• Analysts recently increased their target prices for Visteon, with Wells Fargo raising its target from $106 to $129 and Deutsche Bank increasing it from $120 to $131, signaling positive outlooks for the stock.
• Visteon announced a quarterly dividend of $0.275 per share, which will be paid to investors of record on August 18, representing a 0.9% annualized yield.

Trexquant Investment LP decreased its holdings in Visteon Corporation (NASDAQ:VC - Free Report) by 11.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,463 shares of the company's stock after selling 9,629 shares during the quarter. Trexquant Investment LP owned 0.27% of Visteon worth $5,625,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Covestor Ltd raised its stake in shares of Visteon by 9.9% in the 1st quarter. Covestor Ltd now owns 2,531 shares of the company's stock valued at $196,000 after buying an additional 227 shares in the last quarter. Signaturefd LLC raised its stake in shares of Visteon by 33.5% in the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after buying an additional 229 shares in the last quarter. US Bancorp DE raised its stake in shares of Visteon by 3.0% in the 1st quarter. US Bancorp DE now owns 8,111 shares of the company's stock valued at $630,000 after buying an additional 239 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Visteon by 9.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,199 shares of the company's stock valued at $248,000 after buying an additional 265 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after buying an additional 324 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VC shares. The Goldman Sachs Group restated a "buy" rating on shares of Visteon in a research note on Friday, July 25th. Morgan Stanley increased their target price 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. Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price for the company in a research report on Wednesday, July 2nd. Barclays increased their target price on shares of Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Finally, Wall Street Zen upgraded shares of Visteon from a "hold" rating to a "buy" rating in a research report on Sunday, August 24th. One investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $117.58.

Visteon Price Performance

VC traded up $2.69 during midday trading on Thursday, hitting $125.40. The company had a trading volume of 296,162 shares, compared to its average volume of 375,056. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87. The company has a market capitalization of $3.42 billion, a PE ratio of 11.95, a P/E/G ratio of 4.79 and a beta of 1.25. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $128.32. The firm's 50-day simple moving average is $113.53 and its 200-day simple moving average is $93.06.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $969.00 million during the quarter, compared to analysts' expectations of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The company's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. Equities research analysts predict that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Dividend Announcement

The business 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 $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, August 18th. Visteon's dividend payout ratio (DPR) is presently 10.49%.

Insider Buying and Selling at Visteon

In other Visteon news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the sale, the senior vice president owned 18,838 shares in the company, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their position. The transaction was disclosed in a legal filing 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 transaction of $524,305.50. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 13,102 shares of company stock worth $1,538,595. 2.00% of the stock is currently owned by corporate insiders.

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.