Visteon Corporation $VC Stake Boosted by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Visteon Corporation by 1.6% during the first quarter, now owning 153,201 shares valued at approximately $11.89 million.
• Visteon's stock opened at $125.38 and experienced a 3.8% increase, with a market cap of $3.42 billion and a P/E ratio of 11.95.
• The company announced a quarterly dividend of $0.275 per share, amounting to an annualized dividend yield of 0.9%, scheduled for payment on September 5th.

Hotchkis & Wiley Capital Management LLC raised its position in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,201 shares of the company's stock after buying an additional 2,411 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.56% of Visteon worth $11,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. increased its position in shares of Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after acquiring an additional 324 shares in the last quarter. Parallel Advisors LLC boosted its stake in Visteon by 558.9% in 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 period. CX Institutional acquired a new position in Visteon in the 1st quarter worth approximately $63,000. Signaturefd LLC grew its position in Visteon by 33.5% during the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock worth $71,000 after purchasing an additional 229 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Visteon during the 1st quarter valued at $84,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Visteon news, Director Francis M. Scricco sold 4,042 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $121.79, for a total transaction of $492,275.18. Following the transaction, the director directly owned 7,142 shares of the company's stock, valued at $869,824.18. This represents a 36.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of the firm's 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,752 shares of company stock worth $1,014,289. Corporate insiders own 2.00% of the company's stock.

Visteon Stock Up 3.8%

Shares of Visteon stock opened at $125.38 on Friday. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 4.84 and a beta of 1.22. The stock has a 50-day simple moving average of $108.12 and a 200-day simple moving average of $90.71. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $125.68. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55.

Visteon (NASDAQ:VC - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. On average, equities research analysts expect 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. This represents a $1.10 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 18th. Visteon's payout ratio is presently 10.49%.

Analyst Ratings Changes

A number of analysts have recently issued reports on VC shares. Deutsche Bank Aktiengesellschaft increased their target price on Visteon from $120.00 to $131.00 and gave the company a "buy" rating in a report on Friday, July 25th. Barclays raised their price objective on Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Baird R W raised Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Wall Street Zen raised shares of Visteon from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Cfra Research cut shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned 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 target price of $116.00.

About Visteon

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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