Visteon (NASDAQ:VC) SVP Sells $119,400.00 in Stock

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

Visteon Stock Performance

Shares of VC stock opened at $123.90 on Wednesday. The business’s 50-day moving average price is $103.19 and its 200-day moving average price is $99.66. Visteon Corporation has a 12 month low of $81.77 and a 12 month high of $129.10. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.49 and a beta of 1.26. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The firm had revenue of $954.00 million for the quarter, compared to analyst estimates of $901.33 million. During the same period in the previous year, the business posted $2.47 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Visteon Corporation will post 8.54 EPS for the current year.

Visteon Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings raised Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wells Fargo & Company lifted their price objective on Visteon from $125.00 to $139.00 and gave the stock an “overweight” rating in a research note on Tuesday. Royal Bank Of Canada cut their price objective on Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. UBS Group lifted their price objective on Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Morgan Stanley set a $115.00 price objective on Visteon in a research note on Monday, April 27th. Nine 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.67.

Hedge Funds Weigh In On Visteon

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Visteon by 389.3% during the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after buying an additional 17,497 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Visteon by 31.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after acquiring an additional 59,764 shares in the last quarter. Amundi increased its stake in shares of Visteon by 1.3% in the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after acquiring an additional 86 shares in the last quarter. Jump Financial LLC increased its stake in shares of Visteon by 43.0% in the 2nd quarter. Jump Financial LLC now owns 16,833 shares of the company’s stock valued at $1,571,000 after acquiring an additional 5,059 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Visteon in the 2nd quarter valued at $1,150,000. 99.71% of the stock is owned by institutional investors and hedge funds.

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.