Visteon Corporation $VC Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in Visteon Corporation (NASDAQ:VC) by 238.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 605 shares of the company’s stock after buying an additional 426 shares during the quarter. GAMMA Investing LLC’s holdings in Visteon were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Covestor Ltd grew its holdings in Visteon by 9.9% in the 1st quarter. Covestor Ltd now owns 2,531 shares of the company’s stock worth $196,000 after buying an additional 227 shares in the last quarter. Signaturefd LLC grew its holdings in Visteon by 33.5% in the 1st quarter. Signaturefd LLC now owns 913 shares of the company’s stock worth $71,000 after buying an additional 229 shares in the last quarter. US Bancorp DE grew its holdings in Visteon by 3.0% in the 1st quarter. US Bancorp DE now owns 8,111 shares of the company’s stock worth $630,000 after buying an additional 239 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Visteon by 9.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,199 shares of the company’s stock worth $248,000 after buying an additional 265 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $34,000 after buying an additional 324 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Price Performance

VC opened at $120.95 on Friday. The stock has a fifty day moving average of $121.31 and a 200-day moving average of $98.88. The firm has a market capitalization of $3.30 billion, a P/E ratio of 11.53, a PEG ratio of 2.80 and a beta of 1.22. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $129.10. 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 (NASDAQ:VC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $943.12 million. During the same period in the prior year, the business posted $2.54 earnings per share. Visteon’s revenue for the quarter was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. Equities analysts forecast that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Announces Dividend

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 $0.275 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.9%. Visteon’s payout ratio is 10.49%.

Insider Activity

In related news, SVP Joao Paulo Ribeiro sold 710 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president owned 6,698 shares in the company, valued at $770,872.82. The trade was a 9.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Francis M. Scricco sold 4,350 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the completion of the transaction, the director owned 2,792 shares of the company’s stock, valued at $336,519.76. This trade represents a 60.91% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,102 shares of company stock worth $1,338,295. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VC. The Goldman Sachs Group set a $147.00 price objective on Visteon in a report on Monday, September 29th. Morgan Stanley upped their target price on Visteon from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Robert W. Baird set a $144.00 target price on Visteon in a research report on Wednesday, September 3rd. Barclays upped their target price on Visteon from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. Finally, UBS Group restated a “buy” rating and issued a $146.00 target price (up from $142.00) on shares of Visteon in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.08.

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.