Visteon (NASDAQ:VC) CAO Colleen Elizabeth Myers Sells 475 Shares

Visteon Corporation (NASDAQ:VC) CAO Colleen Elizabeth Myers sold 475 shares of Visteon stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total value of $52,687.00. Following the sale, the chief accounting officer directly owned 241 shares in the company, valued at $26,731.72. This trade represents a 66.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Visteon Price Performance

VC stock traded down $2.12 during midday trading on Wednesday, hitting $108.24. The company’s stock had a trading volume of 564,049 shares, compared to its average volume of 618,536. Visteon Corporation has a 12 month low of $77.19 and a 12 month 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. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.51 and a beta of 1.15. The company has a 50 day moving average of $94.19 and a two-hundred day moving average of $99.07.

Visteon (NASDAQ:VC) last posted its quarterly earnings results 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). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The business had revenue of $954.00 million during the quarter, compared to the consensus estimate of $901.33 million. During the same quarter in the previous year, the company earned $2.47 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect that Visteon Corporation will post 8.51 EPS for the current year.

Visteon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, March 2nd. This is a positive change from Visteon’s previous quarterly dividend of $0.28. Visteon’s dividend payout ratio is currently 18.27%.

Analysts Set New Price Targets

Several research analysts have weighed in on VC shares. Wells Fargo & Company dropped their price target on Visteon from $125.00 to $124.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. JPMorgan Chase & Co. dropped their price target on Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft set a $117.00 price target on Visteon in a research note on Friday, February 20th. Morgan Stanley set a $115.00 price target on Visteon in a research note on Monday. Finally, Barclays increased their price target on Visteon from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.42.

Hedge Funds Weigh In On Visteon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its stake in Visteon by 1,380.9% during the third quarter. Allianz Asset Management GmbH now owns 74,875 shares of the company’s stock valued at $8,975,000 after buying an additional 69,819 shares during the last quarter. Nordea Investment Management AB boosted its stake in Visteon by 11.0% during the third quarter. Nordea Investment Management AB now owns 135,025 shares of the company’s stock valued at $16,216,000 after buying an additional 13,415 shares during the last quarter. Legato Capital Management LLC bought a new position in Visteon during the third quarter valued at approximately $2,664,000. Dean Capital Management bought a new stake in shares of Visteon in the 3rd quarter valued at approximately $4,256,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Visteon by 146.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,531 shares of the company’s stock valued at $7,016,000 after purchasing an additional 34,751 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

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.