Visteon Corporation $VC Shares Sold by UBS Group AG

UBS Group AG trimmed its position in shares of Visteon Corporation (NASDAQ:VC) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 641,564 shares of the company’s stock after selling 65,314 shares during the period. UBS Group AG’s holdings in Visteon were worth $61,013,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in VC. Amundi boosted its stake in Visteon by 1.3% during the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after acquiring an additional 86 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in Visteon by 1.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after acquiring an additional 97 shares during the last quarter. Arizona State Retirement System boosted its stake in Visteon by 2.0% during the 3rd quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock valued at $965,000 after acquiring an additional 155 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Visteon by 144.1% during the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares during the last quarter. Finally, Merit Financial Group LLC boosted its stake in 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 acquiring an additional 171 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VC has been the topic of a number of research analyst reports. Wolfe Research upgraded shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Monday, April 27th. Weiss Ratings upgraded shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. UBS Group raised their price target on shares of Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Robert W. Baird raised their price target 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. Finally, Wall Street Zen downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.42.

Visteon Trading Down 2.4%

Shares of NASDAQ:VC opened at $108.16 on Tuesday. The company has a market cap of $2.89 billion, a PE ratio of 13.17, a P/E/G ratio of 1.40 and a beta of 1.26. The company’s 50-day moving average price is $94.59 and its 200 day moving average price is $99.03. Visteon Corporation has a fifty-two week low of $79.38 and a fifty-two week high of $129.10. 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) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.31). The firm had revenue of $954.00 million during the quarter, compared to the consensus estimate of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 earnings per share. Sell-side analysts anticipate that Visteon Corporation will post 8.52 earnings per share for the current year.

Visteon Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend 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 is 18.27%.

Insider Activity

In other Visteon 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 transaction, the chief accounting officer 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sachin Lawande sold 49,453 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 175,527 shares in the company, valued at approximately $16,401,242.88. The trade was a 21.98% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 99,754 shares of company stock worth $10,296,332. 2.00% of the stock is owned by corporate insiders.

Visteon 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.