Brett Pynnonen Sells 5,000 Shares of Visteon (NASDAQ:VC) Stock

Visteon Corporation (NASDAQ:VC) SVP Brett Pynnonen sold 5,000 shares of Visteon stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $120.00, for a total value of $600,000.00. Following the completion of the transaction, the senior vice president directly owned 8,503 shares of the company’s stock, valued at approximately $1,020,360. This represents a 37.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Visteon Stock Performance

Shares of NASDAQ VC opened at $117.70 on Thursday. The firm’s 50-day moving average price is $107.91 and its 200-day moving average price is $100.54. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.14 billion, a PE ratio of 14.34, a PEG ratio of 1.50 and a beta of 1.26. Visteon Corporation has a 52-week low of $83.49 and a 52-week high of $129.10.

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 analysts’ consensus estimates of $1.96 by ($0.31). The company had revenue of $954.00 million for 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 firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $2.47 EPS. As a group, analysts anticipate that Visteon Corporation will post 8.54 EPS for the current year.

Visteon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 1st. Visteon’s payout ratio is presently 18.27%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VC. Wells Fargo & Company boosted their price target on Visteon from $125.00 to $139.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada lowered their price target on Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Robert W. Baird boosted their price target on Visteon from $112.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on Visteon in a report on Friday, February 20th. Finally, Wolfe Research raised Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Monday, April 27th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Visteon has an average rating of “Moderate Buy” and a consensus target price of $125.67.

Hedge Funds Weigh In On Visteon

Several hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its position in Visteon by 130.1% in the 1st quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock valued at $36,108,000 after acquiring an additional 224,097 shares during the last quarter. Edgestream Partners L.P. grew its position in Visteon by 355.9% in the 1st quarter. Edgestream Partners L.P. now owns 16,452 shares of the company’s stock valued at $1,499,000 after acquiring an additional 12,843 shares during the last quarter. Amundi grew its position in Visteon by 54.4% in the 1st quarter. Amundi now owns 8,178 shares of the company’s stock valued at $745,000 after acquiring an additional 2,880 shares during the last quarter. California State Teachers Retirement System grew its position in Visteon by 25.5% in the 1st quarter. California State Teachers Retirement System now owns 32,697 shares of the company’s stock valued at $2,979,000 after acquiring an additional 6,653 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Visteon by 103.2% in the 1st quarter. Royal Bank of Canada now owns 45,410 shares of the company’s stock valued at $4,137,000 after acquiring an additional 23,066 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

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.