Visteon Corporation $VC Shares Sold by UBS Group AG

Key Points

• UBS Group AG trimmed its position in Visteon by 9.2% in Q4, selling 65,314 shares and now holds 641,564 shares (about a 2.35% stake) valued at roughly $61.0 million.
• Insider selling was significant: CEO Sachin Lawande sold 38,817 shares for ~$4.41 million (a 16.7% reduction), and insiders have sold 99,754 shares (~$10.3 million) over the past 90 days; company insiders now own 2.00% of Visteon.
• Visteon reported Q1 EPS of $1.65 (missing the $1.96 estimate) while revenue beat at $954 million, and analysts hold a consensus "Moderate Buy" with an average target price of $124.42.

UBS Group AG decreased its stake in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 641,564 shares of the company's stock after selling 65,314 shares during the period. UBS Group AG owned 2.35% of Visteon worth $61,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VC. Royal Bank of Canada increased its position in Visteon by 389.3% during the first quarter. Royal Bank of Canada now owns 21,992 shares of the company's stock worth $1,707,000 after purchasing an additional 17,497 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Visteon by 31.5% during the first quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company's stock worth $19,371,000 after purchasing an additional 59,764 shares during the last quarter. Amundi increased its position in Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company's stock worth $706,000 after purchasing an additional 86 shares during the last quarter. Jump Financial LLC increased its position in Visteon by 43.0% during the second quarter. Jump Financial LLC now owns 16,833 shares of the company's stock worth $1,571,000 after purchasing an additional 5,059 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in Visteon during the second quarter worth approximately $1,150,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VC shares. JPMorgan Chase & Co. dropped their price target on shares of Visteon from $110.00 to $108.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. Morgan Stanley set a $115.00 price target on shares of Visteon in a research report on Monday, April 27th. The Goldman Sachs Group upped their price target on shares of Visteon from $106.00 to $118.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Barclays upped their price target on shares of Visteon from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Monday, April 27th. Finally, Robert W. Baird increased their price objective on shares of Visteon from $112.00 to $121.00 and gave the stock an "outperform" rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.42.

Insiders Place Their Bets

In related news, CEO Sachin Lawande sold 38,817 shares of the firm's stock in a transaction on Friday, April 24th. The shares were sold at an average price of $113.63, for a total transaction of $4,410,775.71. Following the completion of the sale, the chief executive officer directly owned 193,822 shares of the company's stock, valued at approximately $22,023,993.86. This trade represents a 16.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of the firm's stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total transaction of $52,687.00. Following the sale, the chief accounting officer directly owned 241 shares of the company's stock, valued at approximately $26,731.72. The trade was a 66.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 99,754 shares of company stock valued at $10,296,332. Company insiders own 2.00% of the company's stock.

Visteon Price Performance

Visteon stock opened at $108.16 on Tuesday. Visteon Corporation has a 52-week low of $79.38 and a 52-week high of $129.10. The firm has a fifty day moving average of $94.59 and a 200-day moving average of $99.03. The firm has a market capitalization of $2.89 billion, a P/E ratio of 13.17, a PEG ratio of 1.40 and a beta of 1.26. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.31). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The business had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. During the same period in the previous year, the company earned $2.47 EPS. Visteon's revenue was up 2.1% on a year-over-year basis. As a group, analysts predict that Visteon Corporation will post 8.52 EPS for the current year.

Visteon Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors 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 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 dividend payout ratio (DPR) is 18.27%.

Visteon Company Profile

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.

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