WINTON GROUP Ltd Makes New $8.40 Million Investment in Versigent $VGNT

WINTON GROUP Ltd bought a new position in Versigent (NYSE:VGNT) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 199,883 shares of the company’s stock, valued at approximately $8,397,000.

Other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System purchased a new position in Versigent in the second quarter worth about $143,056,000. Allianz Asset Management GmbH bought a new position in shares of Versigent during the 2nd quarter valued at approximately $20,602,000. Steamboat Capital Partners LLC purchased a new position in Versigent during the second quarter worth $10,385,000. Nan Shan Life Insurance Co. Ltd. bought a new position in Versigent during the second quarter valued at $5,400,000. Finally, Ancora Advisors LLC bought a new position in Versigent during the second quarter valued at $4,197,000.

Analyst Ratings Changes

Several research firms have recently issued reports on VGNT. Wells Fargo & Company raised their target price on shares of Versigent from $48.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Oppenheimer set a $50.00 price objective on shares of Versigent in a research note on Tuesday, July 21st. TD Cowen boosted their target price on Versigent from $49.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Fox Advisors cut Versigent from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $59.00 target price on shares of Versigent in a research note on Wednesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Versigent Trading Down 3.6%

Shares of VGNT opened at $45.67 on Thursday. The stock has a market capitalization of $3.23 billion and a price-to-earnings ratio of 23.78. Versigent has a 12-month low of $26.34 and a 12-month high of $50.88. The company has a debt-to-equity ratio of 7.29, a current ratio of 1.40 and a quick ratio of 1.09. The company’s fifty day moving average is $44.16.

Versigent (NYSE:VGNT) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.34. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.29 billion. Analysts predict that Versigent will post 7.23 earnings per share for the current year.

Versigent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, September 4th.

Versigent Profile

Versigent PLC is involved in the design, manufacturing and delivery of low and high voltage power electrical architectures. Versigent PLC is based in SCHAFFHAUSEN, Switzerland.