Visteon (NASDAQ:VC) SVP Robert Vallance Sells 1,000 Shares

Visteon Corporation (NASDAQ:VC) SVP Robert Vallance sold 1,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $119.40, for a total transaction of $119,400.00. Following the completion of the transaction, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,085,798.60. This represents a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Visteon Stock Performance

Shares of VC opened at $123.15 on Thursday. The company has a 50-day simple moving average of $104.71 and a 200-day simple moving average of $99.90. 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 capitalization of $3.29 billion, a PE ratio of 15.00, a P/E/G ratio of 1.56 and a beta of 1.26. Visteon Corporation has a 52-week low of $81.77 and a 52-week high of $129.10.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The company had revenue of $954.00 million during the quarter, compared to analysts’ expectations of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business’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 EPS. Equities research analysts predict that Visteon Corporation will post 8.54 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, June 1st. Visteon’s dividend payout ratio (DPR) is 18.27%.

Institutional Investors Weigh In On Visteon

Several hedge funds have recently modified their holdings of VC. Farther Finance Advisors LLC boosted its position in shares of Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Visteon in the third quarter worth approximately $48,000. Hantz Financial Services Inc. boosted its position in shares of Visteon by 72.0% in the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after acquiring an additional 177 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Visteon in the third quarter worth approximately $54,000. Finally, UMB Bank n.a. boosted its position in shares of Visteon by 32.1% in the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after acquiring an additional 123 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on VC. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of Visteon in a research note on Friday, February 20th. The Goldman Sachs Group raised 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. Wall Street Zen cut shares of Visteon from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Barclays raised their price target on shares of Visteon from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Finally, Weiss Ratings raised shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.67.

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.