Kestra Investment Management LLC Grows Stock Holdings 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% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,159 shares of the company's stock after buying an additional 6,308 shares during the period. Kestra Investment Management LLC's holdings in Visteon were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of VC. American Century Companies Inc. boosted its stake in shares of Visteon by 19.3% in the 1st quarter. American Century Companies Inc. now owns 1,727,731 shares of the company's stock worth $134,106,000 after buying an additional 279,714 shares during the last quarter. Pacer Advisors Inc. lifted its position in Visteon by 2,402.0% during the first 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 in the last quarter. New Vernon Capital Holdings II LLC purchased a new position in Visteon during the first quarter valued at $17,068,000. Nuveen LLC purchased a new position in Visteon during the first quarter valued at $15,612,000. Finally, Walleye Capital LLC lifted its position in Visteon by 2,881.5% during the first quarter. Walleye Capital LLC now owns 164,102 shares of the company's stock valued at $12,738,000 after purchasing an additional 158,598 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VC has been the topic of several analyst reports. Bank of America lifted their target price on Visteon from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday. Morgan Stanley lifted their target price on Visteon from $90.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. Guggenheim boosted their price objective on Visteon from $134.00 to $143.00 and gave the company a "buy" rating in a research report on Tuesday. Barclays boosted their price objective on Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Finally, Robert W. Baird set a $144.00 price objective on Visteon in a research report on Wednesday, September 3rd. One investment 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.com, Visteon has an average rating of "Moderate Buy" and an average price target of $124.54.

Insider Transactions 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 sale, the senior vice president directly owned 6,698 shares of the company's stock, valued at $770,872.82. This represents a 9.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert R. Vallance sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total transaction of $240,000.00. Following the completion of the transaction, the senior vice president directly owned 18,838 shares in the company, valued at $2,260,560. This represents a 9.60% 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 valued at $1,538,595 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Visteon Price Performance

Shares of VC stock traded up $2.73 during mid-day trading on Thursday, hitting $128.28. 196,952 shares of the stock were exchanged, compared to its average volume of 371,044. The firm has a fifty day moving average of $116.51 and a 200 day moving average of $94.39. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $129.10. The company has a market cap of $3.50 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 4.90 and a beta of 1.25.

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

Visteon Dividend Announcement

The company also recently announced 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 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.