Insider Selling: Visteon (NASDAQ:VC) SVP Sells $233,000.00 in Stock

Visteon Corporation (NASDAQ:VC) SVP Robert Vallance sold 2,000 shares of Visteon stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $116.50, for a total transaction of $233,000.00. Following the completion of the transaction, the senior vice president directly owned 18,469 shares in the company, valued at approximately $2,151,638.50. The trade was a 9.77% decrease in their position. The sale 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 3.6%

Shares of Visteon stock opened at $117.46 on Friday. The firm’s 50 day moving average price is $105.99 and its 200-day moving average price is $100.14. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. Visteon Corporation has a 52-week low of $83.00 and a 52-week high of $129.10. The company has a market cap of $3.14 billion, a P/E ratio of 14.31, a PEG ratio of 1.53 and a beta of 1.26.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The firm had revenue of $954.00 million during the quarter, compared to analysts’ expectations of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 EPS. On average, sell-side analysts predict that Visteon Corporation will post 8.54 EPS for the current fiscal year.

Visteon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, June 1st. Visteon’s payout ratio is currently 18.27%.

Institutional Trading of Visteon

Several institutional investors and hedge funds have recently bought and sold shares of VC. Farther Finance Advisors LLC lifted its stake in Visteon by 144.1% during the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares during the period. Plato Investment Management Ltd acquired a new stake in Visteon during the 3rd quarter valued at approximately $48,000. UMB Bank n.a. lifted its stake in Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after acquiring an additional 123 shares during the period. Hantz Financial Services Inc. lifted its stake in Visteon by 72.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after acquiring an additional 177 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Visteon during the 3rd quarter valued at approximately $54,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VC has been the topic of several research analyst reports. Barclays boosted their target price on shares of Visteon from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft set a $117.00 target price on shares of Visteon in a research report on Friday, February 20th. UBS Group boosted their target price on shares of Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wall Street Zen downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings raised shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.67.

About Visteon

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.