Visteon (NASDAQ:VC) SVP Brett Pynnonen Sells 5,000 Shares

Visteon Corporation (NASDAQ:VC) SVP Brett Pynnonen sold 5,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $120.00, for a total transaction of $600,000.00. Following the transaction, the senior vice president directly owned 8,503 shares in the company, valued at approximately $1,020,360. The trade was a 37.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Visteon Stock Down 0.9%

Shares of Visteon stock opened at $119.35 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $107.27 and its two-hundred day simple moving average is $100.40. The company has a market cap of $3.19 billion, a P/E ratio of 14.54, a PEG ratio of 1.51 and a beta of 1.26. Visteon Corporation has a 12-month low of $83.49 and a 12-month high of $129.10.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share 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 business 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 company earned $2.47 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Research analysts anticipate that Visteon Corporation will post 8.54 EPS for the current year.

Visteon Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 1st. Visteon’s dividend payout ratio (DPR) is presently 18.27%.

Hedge Funds Weigh In On Visteon

Several institutional investors have recently made changes to their positions in VC. Royal Bank of Canada lifted its stake in shares of Visteon by 389.3% in the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after purchasing an additional 17,497 shares during the period. Goldman Sachs Group Inc. raised its stake in Visteon by 31.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock worth $19,371,000 after acquiring an additional 59,764 shares during the period. Amundi lifted its holdings in Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after purchasing an additional 86 shares in the last quarter. Jump Financial LLC lifted its holdings in Visteon by 43.0% during the second quarter. Jump Financial LLC now owns 16,833 shares of the company’s stock valued at $1,571,000 after purchasing an additional 5,059 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in Visteon during the second quarter valued at approximately $1,150,000. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Visteon from $125.00 to $139.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of Visteon in a report on Friday, February 20th. Wall Street Zen downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. JPMorgan Chase & Co. dropped their price target on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Visteon has an average rating of “Moderate Buy” and an average price target 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.