Visteon Corporation $VC Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Visteon by 26.8% in Q4, selling 15,696 shares and holding 42,835 shares (about 0.16% of the company) valued at roughly $4.08 million.
• Heavy insider selling: CEO Sachin Lawande sold 49,453 shares for ~$4.62 million and CAO Colleen Myers sold 475 shares, with insiders offloading a total of 99,754 shares (~$10.30 million) over the last quarter; insiders now own 2.00% of the stock.
• Visteon reported Q results with EPS of $1.65 versus a $1.96 consensus (a miss) while revenue of $954.0 million topped estimates, and the company raised its quarterly dividend to $0.375 (annualized $1.50, ~1.4% yield).

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 26.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,835 shares of the company's stock after selling 15,696 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.16% of Visteon worth $4,080,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Amundi lifted its position in Visteon by 1.3% in the 2nd quarter. Amundi now owns 6,862 shares of the company's stock worth $706,000 after buying an additional 86 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in Visteon by 1.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company's stock worth $976,000 after buying an additional 97 shares in the last quarter. Arizona State Retirement System lifted its position in Visteon by 2.0% in the 3rd quarter. Arizona State Retirement System now owns 8,047 shares of the company's stock worth $965,000 after buying an additional 155 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company's stock worth $27,000 after buying an additional 170 shares in the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of Visteon by 7.4% during the 3rd quarter. Merit Financial Group LLC now owns 2,480 shares of the company's stock valued at $297,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Insiders Place Their Bets

In related news, 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 value of $52,687.00. Following the transaction, the chief accounting officer directly owned 241 shares in the company, valued at approximately $26,731.72. This trade represents a 66.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sachin Lawande sold 49,453 shares of the firm's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the completion of the transaction, the chief executive officer owned 175,527 shares in the company, valued at $16,401,242.88. The trade was a 21.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 99,754 shares of company stock worth $10,296,332 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Visteon Stock Performance

Shares of VC opened at $108.24 on Thursday. The company's fifty day moving average is $94.23 and its 200-day moving average is $99.13. Visteon Corporation has a 12 month low of $77.19 and a 12 month high of $129.10. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.51 and a beta of 1.15. 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 announced its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 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 for the quarter, compared to analyst estimates of $901.33 million. During the same quarter last year, the company earned $2.47 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that Visteon Corporation will post 8.51 EPS for the current fiscal year.

Visteon Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on VC. Wells Fargo & Company reduced their price target on Visteon from $125.00 to $124.00 and set an "overweight" rating for the company in a report on Tuesday, March 31st. Morgan Stanley set a $115.00 price target on Visteon in a report on Monday. Deutsche Bank Aktiengesellschaft set a $117.00 price target on Visteon in a report on Friday, February 20th. Royal Bank Of Canada dropped their price target on shares of Visteon from $140.00 to $127.00 and set an "outperform" rating on the stock in a research note on Friday, February 20th. Finally, The Goldman Sachs Group increased their price target on shares of Visteon from $106.00 to $118.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Visteon has a consensus rating of "Moderate Buy" and an average target price of $124.42.

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.

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