Kestra Investment Management LLC Increases Stake in Visteon Corporation $VC

Key Points

• Kestra Investment Management LLC increased its stake in Visteon Corporation by 130% in Q1, now holding 11,159 shares valued at approximately $862,000.
• Insider trading activity saw Director Francis M. Scricco sell 4,350 shares valued at $524,305, reflecting a significant decrease in ownership.
• Several analysts rated Visteon with a consensus target price of $117.58, indicating multiple upgrades from research firms.

Kestra Investment Management LLC lifted its position in Visteon Corporation (NASDAQ:VC - Free Report) by 130.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,159 shares of the company's stock after buying an additional 6,308 shares during the quarter. Kestra Investment Management LLC's holdings in Visteon were worth $862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its stake in shares of Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after buying an additional 324 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after buying an additional 408 shares in the last quarter. CX Institutional bought a new position in shares of Visteon in the first quarter valued at $63,000. Signaturefd LLC grew its stake in shares of Visteon by 33.5% in the first quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after buying an additional 229 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Visteon in the first quarter valued at $84,000. 99.71% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total value of $524,305.50. Following the completion of the sale, the director directly owned 2,792 shares of the company's stock, valued at approximately $336,519.76. This represents a 60.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joao Paulo Ribeiro sold 710 shares of the stock in a transaction on 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 sale, the senior vice president directly owned 6,698 shares of the company's stock, valued at $770,872.82. The trade was a 9.58% decrease in their ownership of the stock. 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. Corporate insiders own 2.00% of the company's stock.

Visteon Stock Down 2.9%

Shares of VC traded down $3.69 during trading hours on Friday, reaching $124.59. The stock had a trading volume of 192,287 shares, compared to its average volume of 261,791. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $129.10. The firm has a 50-day simple moving average of $117.43 and a 200 day simple moving average of $94.96. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.94 and a beta of 1.25.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.35. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The company had revenue of $969.00 million for the quarter, compared to analysts' expectations of $943.12 million. During the same period last year, the business earned $2.54 EPS. Visteon's quarterly revenue was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. Equities research analysts predict that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, August 18th. Visteon's dividend payout ratio (DPR) is currently 10.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VC shares. JPMorgan Chase & Co. lifted their price objective on shares of Visteon from $101.00 to $104.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Barclays lifted their price objective on shares of Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Morgan Stanley lifted their price objective on shares of Visteon from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Visteon in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.54.

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.