Universal Beteiligungs und Servicegesellschaft mbH Takes $1 Million Position in Visteon Corporation (NASDAQ:VC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 12,900 shares of Visteon Corporation, worth approximately $1,001,000, as indicated in their recent SEC filing.
• Visteon reported an EPS of $2.39 for the last quarter, surpassing the consensus estimate by $0.35, while revenues were down 4.4% year-over-year at $969 million.
• The company will pay a quarterly dividend of $0.275 per share on September 5th, representing an annualized yield of 1.0% for investors of record as of August 18th.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Visteon Corporation (NASDAQ:VC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,900 shares of the company's stock, valued at approximately $1,001,000.

A number of other hedge funds also recently made changes to their positions in VC. KLP Kapitalforvaltning AS acquired a new position in Visteon in the fourth quarter valued at $515,000. LPL Financial LLC grew its holdings in Visteon by 2.6% during the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company's stock worth $547,000 after acquiring an additional 156 shares during the period. Vanguard Group Inc. grew its holdings in Visteon by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock worth $258,106,000 after acquiring an additional 16,442 shares during the period. JPMorgan Chase & Co. grew its holdings in Visteon by 2.7% during the 4th quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock worth $58,231,000 after acquiring an additional 17,526 shares during the period. Finally, Norges Bank acquired a new stake in Visteon during the fourth quarter worth approximately $29,468,000. 99.71% of the stock is currently owned by institutional investors.

Visteon Price Performance

Shares of VC stock traded up $2.37 on Monday, reaching $112.91. The company's stock had a trading volume of 405,991 shares, compared to its average volume of 532,437. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $117.90. The stock's 50 day simple moving average is $98.33 and its 200-day simple moving average is $87.22. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.08 billion, a P/E ratio of 9.62, a PEG ratio of 4.39 and a beta of 1.22.

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 the consensus estimate of $2.04 by $0.35. Visteon had a return on equity of 23.22% and a net margin of 7.61%. The business had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. During the same quarter in the prior year, the firm earned $2.54 earnings per share. Visteon's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, equities analysts predict that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be given a $0.275 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.0%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VC. UBS Group reissued a "buy" rating and set a $146.00 target price (up from $142.00) on shares of Visteon in a research note on Friday, July 25th. Baird R W raised Visteon from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Barclays increased their price target on Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Guggenheim cut their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Visteon from $101.00 to $104.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $115.58.

Insider Transactions at Visteon

In other news, SVP Joao Paulo Ribeiro sold 710 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $115.09, for a total transaction of $81,713.90. Following the transaction, the senior vice president directly owned 6,698 shares of the company's stock, valued at approximately $770,872.82. The trade was a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert R. Vallance sold 2,000 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total transaction of $200,300.00. Following the transaction, the senior vice president owned 20,838 shares in the company, valued at $2,086,925.70. This represents a 8.76% decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Visteon Company 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.