12,900 Shares in Visteon Corporation (NASDAQ:VC) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

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 stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,900 shares of the company's stock, valued at approximately $1,001,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Visteon by 286.7% during the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after buying an additional 324 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock valued at $37,000 after purchasing an additional 408 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Visteon by 225.3% during the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after purchasing an additional 347 shares during the period. CX Institutional bought a new stake in shares of Visteon during the 1st quarter valued at $63,000. Finally, Signaturefd LLC raised its stake in shares of Visteon by 33.5% during the 1st quarter. Signaturefd LLC now owns 913 shares of the company's stock valued at $71,000 after purchasing an additional 229 shares during the period. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VC shares. Baird R W upgraded Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. Wells Fargo & Company upped their price objective on Visteon from $106.00 to $129.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Cfra Research cut Visteon from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 24th. Barclays increased their target price on Visteon from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Finally, Morgan Stanley dropped their target price on Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $115.58.

Visteon Trading Down 0.3%

Shares of NASDAQ:VC traded down $0.30 during trading on Wednesday, hitting $113.45. The company had a trading volume of 106,117 shares, compared to its average volume of 384,753. Visteon Corporation has a one year low of $65.10 and a one year high of $117.90. 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 stock has a market cap of $3.09 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 4.48 and a beta of 1.22. The company has a fifty day simple moving average of $99.49 and a two-hundred day simple moving average of $87.61.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $943.12 million. During the same period last year, the business posted $2.54 EPS. The business's revenue was down 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders 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%.

Insider Buying and Selling

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