Walleye Capital LLC Grows Stock Holdings in Visteon Corporation $VC

Key Points

• Walleye Capital LLC significantly increased its holdings in Visteon Corporation by 2,881.5% during the 1st quarter, owning 164,102 shares valued at approximately $12.7 million.
• Several hedge funds, including T. Rowe Price Investment Management Inc., also raised their stakes in Visteon, indicating strong institutional interest in the company, which is now 99.71% owned by institutional investors.
• Visteon reported better-than-expected quarterly earnings with an EPS of $2.39, surpassing estimates, though revenue dipped 4.4% year-over-year.

Walleye Capital LLC raised its position in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 2,881.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 164,102 shares of the company's stock after buying an additional 158,598 shares during the quarter. Walleye Capital LLC owned about 0.60% of Visteon worth $12,738,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VC. Systematic Financial Management LP increased its holdings in shares of Visteon by 5.0% during the first quarter. Systematic Financial Management LP now owns 281,951 shares of the company's stock valued at $21,885,000 after acquiring an additional 13,456 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Visteon by 1.6% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 153,201 shares of the company's stock worth $11,891,000 after purchasing an additional 2,411 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Visteon by 2,211.9% during the 1st quarter. AlphaQuest LLC now owns 8,346 shares of the company's stock valued at $648,000 after buying an additional 7,985 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Visteon by 40.2% during 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 buying an additional 156,567 shares in the last quarter. Finally, Algert Global LLC lifted its position in shares of Visteon by 5.2% during the 1st quarter. Algert Global LLC now owns 68,568 shares of the company's stock valued at $5,322,000 after buying an additional 3,370 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wolfe Research upgraded Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price objective on the stock in a report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their target price on Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Wall Street Zen upgraded Visteon from a "hold" rating to a "buy" rating in a report on Sunday. Deutsche Bank Aktiengesellschaft boosted their target price on Visteon from $120.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Finally, Wells Fargo & Company boosted their target price on Visteon from $106.00 to $129.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. One investment 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 company's stock. Based on data from MarketBeat, Visteon currently has a consensus rating of "Moderate Buy" and an average price target of $116.00.

Visteon Trading Up 3.8%

Shares of Visteon stock opened at $125.38 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55. The company has a market capitalization of $3.42 billion, a P/E ratio of 11.95, a P/E/G ratio of 4.84 and a beta of 1.22. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $125.68. The business has a 50 day moving average price of $108.12 and a 200 day moving average price of $90.78.

Visteon (NASDAQ:VC - Get Free Report) last posted 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 business had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The business's revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Dividend Announcement

The business 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 dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.9%. Visteon's dividend payout ratio (DPR) is presently 10.49%.

Insider Activity at Visteon

In related news, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total transaction of $240,000.00. Following the sale, the senior vice president owned 18,838 shares of the company's stock, valued at $2,260,560. This trade represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $492,275.18. Following the sale, the director directly owned 7,142 shares in the company, valued at approximately $869,824.18. The trade was a 36.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,752 shares of company stock valued at $1,014,289 over the last quarter. Insiders own 2.00% of the company's stock.

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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