Robert Vallance Sells 1,000 Shares of Visteon (NASDAQ:VC) Stock

Visteon Corporation (NASDAQ:VC) SVP Robert Vallance sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $119.40, for a total transaction of $119,400.00. Following the completion of the transaction, the senior vice president directly owned 17,469 shares of the company’s stock, valued at approximately $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 accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Visteon Price Performance

VC stock opened at $121.80 on Friday. 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 one year low of $81.77 and a one year high of $129.10. The stock has a market cap of $3.25 billion, a PE ratio of 14.84, a P/E/G ratio of 1.55 and a beta of 1.26. The firm has a 50 day simple moving average of $105.39 and a two-hundred day simple moving average of $100.01.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $901.33 million. During the same period in the prior year, the firm earned $2.47 EPS. Visteon’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Visteon Corporation will post 8.54 EPS for the current fiscal year.

Visteon Dividend Announcement

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

Institutional Investors Weigh In On Visteon

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Visteon by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company’s stock worth $343,267,000 after acquiring an additional 12,903 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Visteon by 14.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,695 shares of the company’s stock worth $127,879,000 after acquiring an additional 175,679 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Visteon by 16.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,334,406 shares of the company’s stock worth $126,902,000 after acquiring an additional 187,347 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Visteon by 8.4% in the 4th quarter. Invesco Ltd. now owns 1,253,628 shares of the company’s stock worth $119,220,000 after acquiring an additional 97,100 shares during the last quarter. Finally, State Street Corp raised its holdings 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 buying an additional 33,155 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VC has been the subject of a number of research reports. Morgan Stanley set a $115.00 price target on shares of Visteon in a research note on Monday, April 27th. Royal Bank Of Canada cut their price target on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Weiss Ratings upgraded shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wall Street Zen lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Visteon from $125.00 to $139.00 and gave the stock an “overweight” rating in a report on Tuesday. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Visteon currently has an average rating of “Moderate Buy” and a consensus target price of $125.67.

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.