Visteon (NASDAQ:VC) SVP Sells $600,000.00 in Stock

Visteon Corporation (NASDAQ:VC) SVP Brett Pynnonen sold 5,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. Following the completion of the sale, the senior vice president owned 8,503 shares in the company, valued at $1,020,360. The trade was a 37.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Visteon Stock Down 0.9%

NASDAQ:VC traded down $1.09 during midday trading on Tuesday, hitting $119.35. 420,096 shares of the company were exchanged, compared to its average volume of 581,513. The company has a fifty day simple moving average of $106.64 and a 200 day simple moving average of $100.27. Visteon Corporation has a fifty-two week low of $83.49 and a fifty-two week high of $129.10. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $3.19 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.31). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The company had revenue of $954.00 million for the quarter, compared to analyst estimates of $901.33 million. During the same quarter in the prior year, the business earned $2.47 earnings per share. Visteon’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Visteon Corporation will post 8.54 earnings per share for the current fiscal year.

Visteon Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on VC. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of Visteon in a research note on Friday, February 20th. Barclays lifted their price target on shares of Visteon from $110.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, April 27th. Morgan Stanley set a $115.00 price target on shares of Visteon in a research note on Monday, April 27th. The Goldman Sachs Group lifted their price target on shares of Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Visteon from $125.00 to $139.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Visteon presently has an average rating of “Moderate Buy” and a consensus price target of $125.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi grew its position in Visteon by 1.3% during the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after purchasing an additional 86 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in Visteon by 1.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock worth $976,000 after purchasing an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Visteon by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock worth $509,000 after purchasing an additional 100 shares during the last quarter. Advisors Asset Management Inc. grew its position in Visteon by 1.8% during the 4th quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock worth $622,000 after purchasing an additional 116 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Visteon by 32.1% in the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after acquiring an additional 123 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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.