Visteon Corporation $VC Shares Sold by Jump Financial LLC

Key Points

• Jump Financial LLC has reduced its stake in Visteon Corporation by 28.6%, selling 4,727 shares, bringing its total holdings to 11,774 shares worth approximately $914,000.
• Several institutional investors have recently increased their positions in Visteon, with AQR Capital Management boosting its stake by 87.7%.
• UBS Group has reiterated a "buy" rating" for Visteon, raising its price target from $142.00 to $146.00, while overall the stock has a consensus rating of "Moderate Buy" with a target of $116.00.

Jump Financial LLC lessened its stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 28.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,774 shares of the company's stock after selling 4,727 shares during the quarter. Jump Financial LLC's holdings in Visteon were worth $914,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VC. American Century Companies Inc. raised its position in Visteon by 19.3% in the 1st quarter. American Century Companies Inc. now owns 1,727,731 shares of the company's stock valued at $134,106,000 after purchasing an additional 279,714 shares during the last quarter. Pacer Advisors Inc. raised its position in Visteon by 2,402.0% in the 1st quarter. Pacer Advisors Inc. now owns 271,738 shares of the company's stock valued at $21,092,000 after purchasing an additional 260,877 shares during the last quarter. Nuveen LLC purchased a new stake in Visteon in the 1st quarter valued at $15,612,000. T. Rowe Price Investment Management Inc. raised its position in Visteon by 40.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 546,099 shares of the company's stock valued at $42,389,000 after purchasing an additional 156,567 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Visteon by 74.9% in the 4th quarter. Bank of America Corp DE now owns 185,573 shares of the company's stock valued at $16,464,000 after purchasing an additional 79,444 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group reissued a "buy" rating and issued a $146.00 price objective (up from $142.00) on shares of Visteon in a research note on Friday, July 25th. Barclays boosted their price objective on shares of Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Friday, July 25th. Wall Street Zen raised shares of Visteon from a "hold" rating to a "buy" rating in a research note on Sunday, August 24th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. One equities research 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. Based on data from MarketBeat.com, Visteon currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.58.

Insider Buying and Selling at Visteon

In other news, 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 transaction of $81,713.90. Following the transaction, the senior vice president directly owned 6,698 shares in the company, valued at $770,872.82. This represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total transaction of $200,300.00. Following the transaction, the senior vice president owned 20,838 shares in the company, valued at approximately $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. In the last ninety days, insiders have sold 13,102 shares of company stock worth $1,538,595. Corporate insiders own 2.00% of the company's stock.

Visteon Price Performance

Shares of NASDAQ:VC traded up $0.01 on Friday, reaching $125.41. 32,285 shares of the company were exchanged, compared to its average volume of 372,999. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 4.74 and a beta of 1.25. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $128.32. The company has a 50-day moving average of $114.17 and a 200-day moving average of $93.35. 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 issued its quarterly earnings data on Thursday, July 24th. The company reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.35. The firm had revenue of $969.00 million for 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 firm's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. Equities analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

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. This represents a $1.10 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 18th. Visteon's dividend payout ratio is presently 10.49%.

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.