Visteon (NASDAQ:VC) SVP Seungkyung Kim Sells 600 Shares of Stock

Visteon Corporation (NASDAQ:VC) SVP Seungkyung Kim sold 600 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.96, for a total value of $71,376.00. Following the completion of the sale, the senior vice president directly owned 389 shares of the company’s stock, valued at $46,275.44. The trade was a 60.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Visteon Stock Down 0.7%

Visteon stock opened at $118.29 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. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.50 and a beta of 1.26. Visteon Corporation has a 1-year low of $81.18 and a 1-year high of $129.10. The business has a fifty day moving average price of $102.53 and a 200-day moving average price of $99.64.

Visteon (NASDAQ:VC) last posted its quarterly earnings data 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). The business had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.47 EPS. Equities research analysts forecast that Visteon Corporation will post 8.54 EPS for the current fiscal year.

Visteon Announces Dividend

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 dividend of $0.375 per share. The ex-dividend date is Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a yield of 1.3%. Visteon’s dividend payout ratio is presently 18.27%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VC. Robert W. Baird upped their price target on shares of Visteon from $112.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen lowered shares of Visteon from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings upgraded shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Royal Bank Of Canada cut their price target on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Finally, Wells Fargo & Company cut their price target on shares of Visteon from $125.00 to $124.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.42.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VC. Allianz Asset Management GmbH increased its stake in shares of Visteon by 1,380.9% in the third quarter. Allianz Asset Management GmbH now owns 74,875 shares of the company’s stock worth $8,975,000 after acquiring an additional 69,819 shares during the period. Legato Capital Management LLC acquired a new stake in shares of Visteon in the third quarter worth $2,664,000. Dean Capital Management acquired a new stake in shares of Visteon in the third quarter worth $4,256,000. Intech Investment Management LLC increased its stake in shares of Visteon by 120.4% in the third quarter. Intech Investment Management LLC now owns 112,832 shares of the company’s stock worth $13,524,000 after acquiring an additional 61,628 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Visteon by 0.5% in the third 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 period. Institutional investors and hedge funds own 99.71% of the company’s stock.

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.