Colleen Elizabeth Myers Sells 225 Shares of Visteon Co. (NASDAQ:VC) Stock

Visteon Co. (NASDAQ:VC) CAO Colleen Elizabeth Myers sold 225 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $81.81, for a total value of $18,407.25. Following the sale, the chief accounting officer now directly owns 243 shares in the company, valued at $19,879.83. This trade represents a 48.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Visteon Stock Performance

Visteon stock opened at $80.28 on Friday. The stock has a fifty day moving average price of $84.38 and a 200 day moving average price of $89.05. Visteon Co. has a 52 week low of $75.75 and a 52 week high of $119.16. The firm has a market capitalization of $2.17 billion, a P/E ratio of 8.18, a PEG ratio of 0.42 and a beta of 1.39. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Equities research analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current year.

Hedge Funds Weigh In On Visteon

A number of hedge funds have recently made changes to their positions in VC. KBC Group NV raised its position in shares of Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after buying an additional 247 shares during the period. Advisors Asset Management Inc. increased its stake in Visteon by 52.0% during the third quarter. Advisors Asset Management Inc. now owns 5,638 shares of the company’s stock worth $537,000 after acquiring an additional 1,929 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Visteon by 24.2% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 173,771 shares of the company’s stock worth $16,550,000 after acquiring an additional 33,836 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Visteon by 205.9% in the 3rd quarter. Intech Investment Management LLC now owns 12,853 shares of the company’s stock worth $1,224,000 after purchasing an additional 8,651 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Visteon by 6.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock valued at $82,255,000 after purchasing an additional 55,465 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on VC shares. Royal Bank of Canada decreased their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. TD Cowen started coverage on shares of Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective on the stock. Wells Fargo & Company lifted their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Morgan Stanley lowered their price target on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Finally, Barclays cut their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Visteon currently has an average rating of “Moderate Buy” and a consensus target price of $117.25.

Visteon Company Profile

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.