Visteon (NASDAQ:VC) CEO Sachin Lawande Sells 49,453 Shares

Visteon Corporation (NASDAQ:VC) CEO Sachin Lawande sold 49,453 shares of Visteon stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total value 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. This trade represents a 21.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Visteon Stock Performance

Shares of VC stock traded down $1.08 during trading hours on Friday, hitting $89.52. The stock had a trading volume of 36,634 shares, compared to its average volume of 594,156. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53. The firm has a market capitalization of $2.40 billion, a PE ratio of 9.49, a PEG ratio of 1.11 and a beta of 1.15. The stock’s 50 day moving average is $97.19 and its 200 day moving average is $107.13. Visteon Corporation has a twelve month low of $65.10 and a twelve month high of $129.10.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, February 19th. The company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.08 by $0.88. The firm had revenue of $948.00 million during the quarter, compared to the consensus estimate of $920.25 million. Visteon had a net margin of 6.93% and a return on equity of 17.94%. Visteon’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.44 EPS. As a group, research analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Visteon’s previous quarterly dividend of $0.28. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.7%. Visteon’s dividend payout ratio is currently 15.91%.

Institutional Trading of Visteon

Institutional investors have recently modified their holdings of the business. Amundi raised its position in Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after acquiring an additional 86 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Visteon by 1.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock worth $976,000 after purchasing an additional 97 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Visteon by 1.8% during the 4th quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock worth $622,000 after purchasing an additional 116 shares during the period. UMB Bank n.a. increased its holdings in shares of Visteon by 32.1% in the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after purchasing an additional 123 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Visteon by 2.0% in the 3rd quarter. Arizona State Retirement System now owns 8,047 shares of the company’s stock valued at $965,000 after purchasing an additional 155 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VC has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $117.00 price target on Visteon in a research report on Friday, February 20th. The Goldman Sachs Group set a $120.00 target price on Visteon in a research note on Thursday, January 15th. Wells Fargo & Company dropped their target price on Visteon from $148.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Barclays decreased their price target on Visteon from $130.00 to $110.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Finally, Wolfe Research lowered shares of Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.15.

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.