Voya Investment Management LLC Grows Stock Position in Visteon Corporation $VC

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 boosted its stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 166.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,539 shares of the company's stock after purchasing an additional 28,465 shares during the period. Voya Investment Management LLC owned 0.17% of Visteon worth $3,535,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of Visteon by 286.7% during the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after purchasing an additional 324 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Visteon by 558.9% during 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 acquired a new position in shares of Visteon during the 1st quarter worth about $63,000. Signaturefd LLC lifted its stake in Visteon by 33.5% in 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 last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Visteon in the 1st quarter valued at about $84,000. Institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Wolfe Research raised Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price on the stock in a report on Wednesday, July 2nd. Bank of America lifted their price objective on shares of Visteon from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Barclays raised their target price on shares of Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their price target on shares of Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $124.54.

Insider Buying and Selling

In related news, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 2,792 shares of the company's stock, valued at $336,519.76. This trade represents a 60.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Joao Paulo Ribeiro sold 710 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was 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 owned 6,698 shares in the company, valued at approximately $770,872.82. This trade represents a 9.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,102 shares of company stock worth $1,538,595 in the last ninety days. 2.00% of the stock is owned by insiders.

Visteon Price Performance

Visteon stock traded up $0.90 during mid-day trading on Tuesday, hitting $125.42. The stock had a trading volume of 49,892 shares, compared to its average volume of 367,849. The firm's 50 day moving average is $119.46 and its 200 day moving average is $96.65. The firm has a market capitalization of $3.42 billion, a P/E ratio of 11.96, a P/E/G ratio of 2.86 and a beta of 1.25. Visteon Corporation has a one year low of $65.10 and a one year high of $129.10. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

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

Visteon Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 18th. Visteon's payout ratio is 10.49%.

Visteon Company 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.