Visteon Co. (NASDAQ:VC) SVP Robert R. Vallance Sells 4,916 Shares

Visteon Co. (NASDAQ:VC) SVP Robert R. Vallance sold 4,916 shares of the firm’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $131.80, for a total transaction of $647,928.80. Following the completion of the sale, the senior vice president now directly owns 11,871 shares in the company, valued at $1,564,597.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Robert R. Vallance also recently made the following trade(s):

  • On Friday, June 4th, Robert R. Vallance sold 4,980 shares of Visteon stock. The shares were sold at an average price of $130.00, for a total transaction of $647,400.00.

NASDAQ:VC opened at $124.59 on Friday. The company has a market capitalization of $3.48 billion, a PE ratio of -593.29 and a beta of 2.04. The firm has a fifty day moving average of $120.09. Visteon Co. has a twelve month low of $63.67 and a twelve month high of $147.55. The company has a current ratio of 1.67, a quick ratio of 1.42 and a debt-to-equity ratio of 0.69.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, April 29th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.23. The business had revenue of $746.00 million for the quarter, compared to analysts’ expectations of $709.65 million. Visteon had a negative net margin of 0.19% and a positive return on equity of 8.86%. Analysts predict that Visteon Co. will post 2.94 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Raymond James reaffirmed a “hold” rating on shares of Visteon in a research note on Monday, February 22nd. Robert W. Baird reduced their price target on shares of Visteon from $156.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, February 19th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Visteon from $166.00 to $158.00 and set a “buy” rating on the stock in a research report on Friday, February 19th. KeyCorp began coverage on shares of Visteon in a research report on Thursday, April 15th. They set a “sector weight” rating on the stock. Finally, Zacks Investment Research upgraded shares of Visteon from a “sell” rating to a “hold” rating in a research report on Thursday, May 6th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $109.00.

A number of institutional investors have recently made changes to their positions in VC. Ameriprise Financial Inc. lifted its position in Visteon by 43.6% during the first quarter. Ameriprise Financial Inc. now owns 1,094,502 shares of the company’s stock valued at $133,476,000 after buying an additional 332,422 shares during the period. Norges Bank purchased a new position in Visteon during the fourth quarter valued at $38,314,000. TimesSquare Capital Management LLC purchased a new position in Visteon during the first quarter valued at $33,075,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Visteon by 178.9% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 169,953 shares of the company’s stock valued at $20,726,000 after buying an additional 109,022 shares during the period. Finally, BlackRock Inc. lifted its position in Visteon by 3.3% during the fourth quarter. BlackRock Inc. now owns 3,446,422 shares of the company’s stock valued at $432,595,000 after buying an additional 108,914 shares during the period.

Visteon Company Profile

Visteon Corporation engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including standard analog gauge clusters to high-resolution, all-digital, fully reconfigurable, 2-D, and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, dual view, cameras, optics, haptic feedback, light effects, and dual displays; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence based voice assistant.

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