Universal Beteiligungs und Servicegesellschaft mbH Has $4.08 Million Holdings in Visteon Corporation $VC

Universal Beteiligungs und Servicegesellschaft mbH cut its position in Visteon Corporation (NASDAQ:VC) by 26.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,835 shares of the company’s stock after selling 15,696 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Visteon were worth $4,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VC. Principal Financial Group Inc. grew its stake in Visteon by 64.6% in the 3rd quarter. Principal Financial Group Inc. now owns 422,392 shares of the company’s stock valued at $50,628,000 after buying an additional 165,729 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Visteon by 253.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 176,830 shares of the company’s stock valued at $17,131,000 after buying an additional 126,803 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Visteon by 62.4% in the 2nd quarter. AQR Capital Management LLC now owns 297,829 shares of the company’s stock valued at $27,787,000 after purchasing an additional 114,470 shares during the period. Victory Capital Management Inc. boosted its holdings in Visteon by 8.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,147,059 shares of the company’s stock valued at $137,486,000 after purchasing an additional 90,501 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in Visteon in the 2nd quarter valued at $8,047,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visteon

In other news, CAO Colleen Elizabeth Myers sold 475 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total transaction of $52,687.00. Following the completion of the transaction, the chief accounting officer directly owned 241 shares of the company’s stock, valued at approximately $26,731.72. This trade represents a 66.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sachin Lawande sold 49,453 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the transaction, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at $16,401,242.88. The trade was a 21.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 99,754 shares of company stock valued at $10,296,332 over the last ninety days. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on VC shares. Wells Fargo & Company reduced their price target on shares of Visteon from $125.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of Visteon in a report on Friday, February 20th. Royal Bank Of Canada reduced their price target on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Wall Street Zen downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, The Goldman Sachs Group increased their price target on shares of Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $124.42.

Visteon Price Performance

NASDAQ:VC opened at $108.24 on Thursday. The company has a 50-day moving average of $94.23 and a 200-day moving average of $99.13. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.51 and a beta of 1.15. Visteon Corporation has a 52 week low of $77.19 and a 52 week high of $129.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The business had revenue of $954.00 million for the quarter, compared to the consensus estimate of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.Visteon’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.47 earnings per share. As a group, equities research analysts anticipate that Visteon Corporation will post 8.51 earnings per share for the current fiscal year.

Visteon Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Visteon’s previous quarterly dividend of $0.28. Visteon’s payout ratio is 18.27%.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.