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

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

Visteon Stock Down 0.6%

Shares of NASDAQ:VC opened at $123.15 on Thursday. 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 company has a market cap of $3.29 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.56 and a beta of 1.26. Visteon Corporation has a fifty-two week low of $81.77 and a fifty-two week high of $129.10. The firm’s 50-day simple moving average is $104.71 and its 200-day simple moving average is $99.90.

Visteon (NASDAQ:VC) last released 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 business had revenue of $954.00 million for the quarter, compared to analyst estimates of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.47 EPS. As a group, equities research analysts predict that Visteon Corporation will post 8.54 earnings per share for the current year.

Visteon Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, June 1st. This represents a $1.50 annualized dividend and a dividend yield of 1.2%. Visteon’s payout ratio is currently 18.27%.

Hedge Funds Weigh In On Visteon

A number of institutional investors and hedge funds have recently bought and sold shares of VC. Bank of America Corp DE raised its stake in shares of Visteon by 130.1% during the first quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock valued at $36,108,000 after purchasing an additional 224,097 shares during the period. Edgestream Partners L.P. grew its holdings in Visteon by 355.9% during the 1st quarter. Edgestream Partners L.P. now owns 16,452 shares of the company’s stock valued at $1,499,000 after purchasing an additional 12,843 shares in the last quarter. Amundi grew its holdings in Visteon by 54.4% during the 1st quarter. Amundi now owns 8,178 shares of the company’s stock valued at $745,000 after purchasing an additional 2,880 shares in the last quarter. California State Teachers Retirement System increased its stake in Visteon by 25.5% during the 1st quarter. California State Teachers Retirement System now owns 32,697 shares of the company’s stock worth $2,979,000 after buying an additional 6,653 shares during the period. Finally, Royal Bank of Canada increased its stake in Visteon by 103.2% during the 1st quarter. Royal Bank of Canada now owns 45,410 shares of the company’s stock worth $4,137,000 after buying an additional 23,066 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

VC has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $117.00 target price on shares of Visteon in a research report on Friday, February 20th. Wall Street Zen downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Monday, April 27th. The Goldman Sachs Group increased their price objective on shares of Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company raised their target price on shares of Visteon from $125.00 to $139.00 and gave the company an “overweight” rating in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.