Insider Selling: Visteon Co. (NASDAQ:VC) CAO Sells 225 Shares of Stock

Visteon Co. (NASDAQ:VC) CAO Colleen Elizabeth Myers sold 225 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $81.81, for a total value of $18,407.25. Following the completion of the sale, the chief accounting officer now directly owns 243 shares of the company’s stock, valued at $19,879.83. The trade was a 48.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Visteon Price Performance

VC opened at $80.28 on Friday. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.42 and a beta of 1.39. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. Visteon Co. has a 12-month low of $75.75 and a 12-month high of $119.16. The business’s fifty day simple moving average is $84.38 and its 200-day simple moving average is $89.12.

Visteon (NASDAQ:VC) last issued its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. On average, equities research analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Visteon

Several institutional investors have recently bought and sold shares of the business. LPL Financial LLC raised its holdings in Visteon by 2.6% in the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock worth $547,000 after purchasing an additional 156 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Visteon by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock worth $1,881,000 after buying an additional 171 shares during the last quarter. Xponance Inc. raised its stake in shares of Visteon by 4.7% during the 4th quarter. Xponance Inc. now owns 3,898 shares of the company’s stock worth $346,000 after acquiring an additional 175 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in Visteon by 2.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company’s stock valued at $756,000 after acquiring an additional 182 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock valued at $402,000 after acquiring an additional 216 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. TD Cowen began coverage on shares of Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price for the company. Morgan Stanley cut their price target on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Barclays decreased their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, Royal Bank of Canada cut their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $117.25.

About Visteon

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.