Visteon Corporation $VC Shares Bought by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Visteon Corporation by 166.7% in the first quarter, owning approximately 0.17% of the company valued at $3.54 million after acquiring additional shares.
• Visteon recently declared a quarterly dividend of $0.275 per share, with a dividend yield of 0.9%, signaling a solid return for its shareholders.
• The company's latest earnings report showed an EPS of $2.39, surpassing analyst expectations and showcasing a 7.61% net margin despite a year-over-year revenue decline of 4.4%.

Voya Investment Management LLC grew its stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 166.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,539 shares of the company's stock after purchasing an additional 28,465 shares during the quarter. Voya Investment Management LLC owned approximately 0.17% of Visteon worth $3,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bayforest Capital Ltd purchased a new position in Visteon during the 1st quarter worth $712,000. Goldman Sachs Group Inc. grew its stake in Visteon by 31.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company's stock valued at $19,371,000 after acquiring an additional 59,764 shares during the last quarter. Kestra Investment Management LLC grew its stake in Visteon by 130.0% in the 1st quarter. Kestra Investment Management LLC now owns 11,159 shares of the company's stock valued at $862,000 after acquiring an additional 6,308 shares during the last quarter. New Vernon Capital Holdings II LLC acquired a new stake in Visteon in the 1st quarter valued at about $17,068,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Visteon by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,850 shares of the company's stock worth $4,568,000 after purchasing an additional 3,230 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Transactions at Visteon

In other news, SVP Joao Paulo Ribeiro sold 710 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the completion of the transaction, the senior vice president directly owned 6,698 shares of the company's stock, valued at $770,872.82. This trade represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Francis M. Scricco sold 4,350 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the transaction, the director directly owned 2,792 shares of the company's stock, valued at $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,102 shares of company stock valued at $1,538,595 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Visteon Stock Performance

Shares of VC stock opened at $124.84 on Friday. 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 $3.41 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 2.92 and a beta of 1.25. The company's 50 day moving average price is $119.26 and its two-hundred day moving average price is $96.26. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $129.10.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.35. The company 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 business's quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the business earned $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. On average, analysts expect that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on VC shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Visteon in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on shares of Visteon from $101.00 to $104.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Cfra Research downgraded shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 24th. Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price objective for the company in a research note on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $124.54.

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.

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