Insider Selling: Visteon (NASDAQ:VC) SVP Sells 1,000 Shares of Stock

Visteon Corporation (NASDAQ:VC) SVP Robert Vallance sold 1,000 shares of Visteon stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $119.40, for a total transaction of $119,400.00. Following the completion of the sale, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,085,798.60. This represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Visteon Stock Performance

NASDAQ:VC opened at $123.90 on Wednesday. The company has a fifty day moving average of $103.19 and a 200-day moving average of $99.66. The firm has a market capitalization of $3.31 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.49 and a beta of 1.26. 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 twelve month low of $81.77 and a twelve month high of $129.10.

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

Visteon Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 1st. Visteon’s dividend payout ratio is presently 18.27%.

Hedge Funds Weigh In On Visteon

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Visteon by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock valued at $343,267,000 after acquiring an additional 12,903 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Visteon by 14.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,695 shares of the company’s stock valued at $127,879,000 after acquiring an additional 175,679 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Visteon by 16.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock valued at $126,902,000 after acquiring an additional 187,347 shares in the last quarter. Invesco Ltd. lifted its stake in Visteon by 8.4% during the 4th quarter. Invesco Ltd. now owns 1,253,628 shares of the company’s stock valued at $119,220,000 after acquiring an additional 97,100 shares in the last quarter. Finally, State Street Corp lifted its stake in Visteon by 3.1% during the 2nd quarter. State Street Corp now owns 1,107,091 shares of the company’s stock valued at $103,292,000 after acquiring an additional 33,155 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VC shares. Wells Fargo & Company upped their target price on Visteon from $125.00 to $139.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group upped their target price on Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. The Goldman Sachs Group upped their target price on Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada lowered their target price on Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. lowered their target price on Visteon from $110.00 to $108.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and an average price target 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.