Insider Selling: Visteon (NASDAQ:VC) Director Sells $492,275.18 in Stock

Visteon Corporation (NASDAQ:VC) Director Francis Scricco sold 4,042 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $121.79, for a total value of $492,275.18. Following the sale, the director owned 7,142 shares of the company’s stock, valued at approximately $869,824.18. This trade represents a 36.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Visteon Stock Performance

VC opened at $125.38 on Friday. The company has a market cap of $3.42 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 4.84 and a beta of 1.22. The stock has a 50-day moving average of $108.12 and a 200-day moving average of $90.71. Visteon Corporation has a 52-week low of $65.10 and a 52-week high of $125.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.87.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.35. The company had revenue of $969.00 million during the quarter, compared to the consensus estimate of $943.12 million. Visteon had a return on equity of 23.22% and a net margin of 7.61%.The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 EPS. Visteon has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 18th. Visteon’s dividend payout ratio is 10.49%.

Analysts Set New Price Targets

Several research firms have recently issued reports on VC. Barclays upped their price target on Visteon from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their target price on Visteon from $101.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Wolfe Research upgraded Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 target price for the company in a research note on Wednesday, July 2nd. Robert W. Baird upgraded Visteon from a “neutral” rating to an “outperform” rating and increased their target price for the company from $96.00 to $125.00 in a research note on Friday, July 11th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Visteon in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Hedge Funds Weigh In On Visteon

Large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $34,000 after acquiring an additional 324 shares in the last quarter. Fifth Third Bancorp raised its holdings in Visteon by 111.5% in the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock valued at $36,000 after acquiring an additional 204 shares in the last quarter. Parallel Advisors LLC raised its holdings in Visteon by 558.9% in the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after acquiring an additional 408 shares in the last quarter. EMC Capital Management acquired a new position in Visteon in the 2nd quarter valued at approximately $45,000. Finally, GAMMA Investing LLC raised its holdings in Visteon by 238.0% in the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $56,000 after acquiring an additional 426 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.