Visteon (NASDAQ:VC) SVP Sells $71,376.00 in Stock

Visteon Corporation (NASDAQ:VC) SVP Seungkyung Kim sold 600 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the sale, the senior vice president owned 389 shares of the company’s stock, valued at approximately $46,275.44. The trade was a 60.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Visteon Trading Down 0.6%

NASDAQ VC traded down $0.77 during trading on Friday, hitting $118.35. 475,537 shares of the company’s stock traded hands, compared to its average volume of 591,680. The stock has a fifty day moving average of $101.85 and a two-hundred day moving average of $99.51. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.43. Visteon Corporation has a 12-month low of $81.18 and a 12-month high of $129.10. The firm has a market cap of $3.16 billion, a P/E ratio of 14.42, a PEG ratio of 1.48 and a beta of 1.26.

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

Visteon Announces Dividend

The firm also recently declared 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 is Monday, June 1st. Visteon’s dividend payout ratio is presently 18.27%.

Institutional Trading of Visteon

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VC shares. Wells Fargo & Company dropped their target price on shares of Visteon from $125.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Royal Bank Of Canada dropped their target price on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Robert W. Baird increased their target price on shares of Visteon from $112.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Weiss Ratings upgraded shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Finally, The Goldman Sachs Group increased their target price on shares of Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Nine investment 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.42.

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.