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

Visteon Corporation (NASDAQ:VC) SVP Robert Vallance sold 1,000 shares of the company’s 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 transaction, the senior vice president owned 17,469 shares in the company, valued at $2,085,798.60. This represents a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Visteon Price Performance

VC opened at $117.46 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73. The stock has a market capitalization of $3.14 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.53 and a beta of 1.26. The company’s 50-day simple moving average is $105.99 and its two-hundred day simple moving average is $100.14. Visteon Corporation has a 52-week low of $83.00 and a 52-week high of $129.10.

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

Visteon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. Visteon’s dividend payout ratio is presently 18.27%.

Analysts Set New Price Targets

Several research firms have recently commented on VC. JPMorgan Chase & Co. reduced their price target on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Robert W. Baird upped their price target on shares of Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. UBS Group upped their price target on shares of Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price target for the company in a research report on Monday, April 27th. Finally, Royal Bank Of Canada reduced their price target on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and an average price target of $125.67.

Institutional Investors Weigh In On Visteon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VC. First Trust Advisors LP increased its holdings in Visteon by 124.0% in the 1st quarter. First Trust Advisors LP now owns 519,041 shares of the company’s stock worth $47,290,000 after acquiring an additional 287,359 shares in the last quarter. Boston Partners purchased a new stake in Visteon in the 4th quarter worth approximately $25,342,000. Squarepoint Ops LLC purchased a new stake in Visteon in the 4th quarter worth approximately $22,361,000. Bank of America Corp DE increased its holdings in Visteon by 130.1% in the 1st quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock worth $36,108,000 after acquiring an additional 224,097 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Visteon by 16.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock worth $126,902,000 after acquiring an additional 187,347 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other 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.