Systematic Financial Management LP Has $21.89 Million Stock Position in Visteon Corporation $VC

Key Points

• Systematic Financial Management LP increased its position in Visteon Corporation by 5.0% in the first quarter, owning approximately 1.03% of the company worth about $21.9 million.
• Institutional investors collectively own 99.71% of Visteon’s stock, indicating significant institutional interest in the company.
• Visteon reported earnings of $2.39 per share in the last quarter, exceeding analysts' expectations, but its revenue declined by 4.4% year-over-year.

Systematic Financial Management LP raised its position in Visteon Corporation (NASDAQ:VC - Free Report) by 5.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 281,951 shares of the company's stock after acquiring an additional 13,456 shares during the period. Systematic Financial Management LP owned approximately 1.03% of Visteon worth $21,885,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. New York State Common Retirement Fund lifted its stake in shares of Visteon by 6.8% in the 1st quarter. New York State Common Retirement Fund now owns 9,117 shares of the company's stock worth $708,000 after acquiring an additional 584 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Visteon by 12.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock worth $571,000 after acquiring an additional 799 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Visteon in the 1st quarter worth $472,000. Entropy Technologies LP lifted its stake in shares of Visteon by 169.5% in the 1st quarter. Entropy Technologies LP now owns 6,505 shares of the company's stock worth $505,000 after acquiring an additional 4,091 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Visteon in the 4th quarter worth $203,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Insider Activity at Visteon

In related news, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. Following the sale, the senior vice president directly owned 18,838 shares of the company's stock, valued at $2,260,560. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Joao Paulo Ribeiro sold 710 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $115.09, for a total value of $81,713.90. Following the completion of the transaction, the senior vice president owned 6,698 shares of the company's stock, valued at $770,872.82. This represents a 9.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,102 shares of company stock valued at $1,538,595 over the last ninety days. 2.00% of the stock is owned by corporate insiders.

Visteon Price Performance

Shares of VC traded down $0.89 during trading hours on Wednesday, hitting $126.61. 304,963 shares of the company were exchanged, compared to its average volume of 377,467. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 4.87 and a beta of 1.22. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $128.32. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The firm's fifty day moving average is $109.54 and its 200 day moving average is $91.35.

Visteon (NASDAQ:VC - Get Free Report) last released 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 business had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.Visteon's revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be paid a $0.275 dividend. 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 10.49%.

Analysts Set New Price Targets

VC has been the subject of several recent analyst reports. Baird R W upgraded shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Robert W. Baird upgraded shares of Visteon from a "neutral" rating to an "outperform" rating and increased their price target for the company from $96.00 to $125.00 in a report on Friday, July 11th. UBS Group reiterated a "buy" rating and issued a $146.00 price target (up previously from $142.00) on shares of Visteon in a report on Friday, July 25th. Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target for the company in a report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded shares of Visteon from a "hold" rating to a "buy" rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Visteon has an average rating of "Moderate Buy" and an average target price 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.