Francis Scricco Sells 4,042 Shares of Visteon (NASDAQ:VC) Stock

Visteon Corporation (NASDAQ:VC) Director Francis Scricco sold 4,042 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $121.79, for a total transaction of $492,275.18. Following the sale, the director directly owned 7,142 shares in the company, valued at approximately $869,824.18. This represents a 36.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Visteon Stock Up 3.8%

VC stock opened at $125.38 on Friday. The company has a market cap of $3.42 billion, a P/E ratio of 11.95, a P/E/G ratio of 4.67 and a beta of 1.22. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $125.68. The company’s 50-day moving average price is $108.12 and its 200 day moving average price is $90.66. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.35. The firm had revenue of $969.00 million for the quarter, compared to the consensus estimate of $943.12 million. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.54 earnings per share. Visteon has set its FY 2025 guidance at EPS. On average, research analysts expect that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a yield of 0.9%. Visteon’s payout ratio is currently 10.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VC shares. Robert W. Baird raised shares of Visteon from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $96.00 to $125.00 in a report on Friday, July 11th. Barclays upped their price target on shares of Visteon from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. UBS Group reaffirmed a “buy” rating and issued a $146.00 price target (up previously from $142.00) on shares of Visteon in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Visteon from $120.00 to $131.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Baird R W raised shares of Visteon from a “hold” rating to a “strong-buy” rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

Hedge Funds Weigh In On Visteon

A number of institutional investors have recently modified their holdings of the company. Amundi raised its position in shares of Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after buying an additional 86 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in shares of Visteon by 1.7% in the second quarter. KLP Kapitalforvaltning AS now owns 5,900 shares of the company’s stock valued at $550,000 after buying an additional 100 shares during the last quarter. Cardinal Capital Management raised its position in shares of Visteon by 0.7% in the second quarter. Cardinal Capital Management now owns 19,998 shares of the company’s stock valued at $1,866,000 after buying an additional 139 shares during the last quarter. LPL Financial LLC raised its position in shares of Visteon by 2.6% in the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company’s stock valued at $547,000 after buying an additional 156 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its position in shares of Visteon by 2.5% in the second quarter. Orion Porfolio Solutions LLC now owns 8,044 shares of the company’s stock valued at $751,000 after buying an additional 198 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Company Profile

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.