Insider Selling: Visteon Corporation (NASDAQ:VC) SVP Sells $200,300.00 in Stock

Visteon Corporation (NASDAQ:VC) SVP Robert R. Vallance sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the completion of the sale, the senior vice president owned 20,838 shares in the company, valued at $2,086,925.70. The trade was a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Visteon Stock Up 0.5%

Shares of NASDAQ:VC opened at $103.34 on Friday. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $117.94. The business has a 50 day simple moving average of $87.46 and a two-hundred day simple moving average of $83.86. The firm has a market capitalization of $2.82 billion, a PE ratio of 9.69 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.70. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $906.38 million. Visteon had a net margin of 7.68% and a return on equity of 24.95%. Visteon’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 earnings per share. On average, equities analysts predict that Visteon Corporation will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on VC. Wolfe Research upgraded Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 target price on the stock in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Visteon from $90.00 to $97.00 and gave the company a “neutral” rating in a report on Monday, May 5th. Barclays reissued an “equal weight” rating and set a $82.00 price target (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Morgan Stanley cut their price target on Visteon from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, May 19th. Finally, Guggenheim decreased their price target on Visteon from $108.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Visteon has an average rating of “Hold” and an average target price of $98.69.

Hedge Funds Weigh In On Visteon

A number of large investors have recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in shares of Visteon by 286.7% during the first quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 324 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock worth $37,000 after acquiring an additional 408 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Visteon by 225.3% during the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after acquiring an additional 347 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after acquiring an additional 263 shares in the last quarter. Finally, CX Institutional purchased a new position in Visteon in the 1st quarter valued at about $63,000. Institutional investors own 99.71% of the company’s stock.

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.