Visteon (NASDAQ:VC) CEO Sachin Lawande Sells 595 Shares

Visteon Corporation (NASDAQ:VC) CEO Sachin Lawande sold 595 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the transaction, the chief executive officer owned 175,527 shares of the company’s stock, valued at $19,311,480.54. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Visteon Stock Up 0.8%

Shares of NASDAQ VC opened at $106.38 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $129.10. The firm has a market capitalization of $2.90 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 2.52 and a beta of 1.22. The firm has a fifty day simple moving average of $118.18 and a two-hundred day simple moving average of $105.09.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. The firm had revenue of $917.00 million for the quarter, compared to the consensus estimate of $945.41 million. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.26 EPS. Visteon has set its FY 2025 guidance at EPS. Equities analysts expect that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, November 18th. Visteon’s dividend payout ratio is 9.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on VC shares. Baird R W upgraded shares of Visteon from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 11th. JPMorgan Chase & Co. increased their price objective on shares of Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a report on Monday, October 20th. UBS Group cut their price objective on shares of Visteon from $146.00 to $142.00 and set a “buy” rating for the company in a report on Friday, October 24th. Robert W. Baird set a $141.00 price objective on shares of Visteon in a report on Friday, October 24th. Finally, Barclays set a $130.00 price objective on shares of Visteon in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $131.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new stake in shares of Visteon during the third quarter worth $30,000. Fifth Third Bancorp lifted its position in shares of Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after purchasing an additional 204 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Visteon during the third quarter worth $44,000. EMC Capital Management bought a new stake in shares of Visteon during the second quarter worth $45,000. Finally, Plato Investment Management Ltd bought a new stake in shares of Visteon during the third quarter worth $48,000. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.