Robert Vallance Sells 2,000 Shares of Visteon (NASDAQ:VC) Stock

Visteon Corporation (NASDAQ:VC) SVP Robert Vallance sold 2,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $116.50, for a total transaction of $233,000.00. Following the sale, the senior vice president directly owned 18,469 shares of the company’s stock, valued at approximately $2,151,638.50. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Visteon Stock Down 1.1%

VC stock opened at $121.80 on Friday. Visteon Corporation has a 12 month low of $81.77 and a 12 month high of $129.10. The firm has a market cap of $3.25 billion, a PE ratio of 14.84, a P/E/G ratio of 1.55 and a beta of 1.26. The firm has a 50 day simple moving average of $105.39 and a 200 day simple moving average of $100.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.43.

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

Visteon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, June 1st. Visteon’s dividend payout ratio is 18.27%.

Institutional Investors Weigh In On Visteon

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after buying an additional 170 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Visteon in the 3rd quarter worth approximately $48,000. Hantz Financial Services Inc. lifted its position in Visteon by 72.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after buying an additional 177 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Visteon in the 3rd quarter worth approximately $54,000. Finally, UMB Bank n.a. lifted its position in Visteon by 32.1% in the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after buying an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

VC has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Morgan Stanley set a $115.00 target price on Visteon in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $117.00 target price on Visteon in a report on Friday, February 20th. UBS Group increased their target price on Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Wolfe Research upgraded Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Monday, April 27th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently 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.