Insider Selling: Visteon (NASDAQ:VC) SVP Sells $600,000.00 in Stock

Visteon Corporation (NASDAQ:VC) SVP Brett Pynnonen sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $120.00, for a total value of $600,000.00. Following the sale, the senior vice president owned 8,503 shares of the company’s stock, valued at approximately $1,020,360. The trade was a 37.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Visteon Price Performance

VC stock opened at $120.05 on Friday. The business has a 50 day moving average price of $108.49 and a 200 day moving average price of $100.67. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.48 and a beta of 1.26. Visteon Corporation has a fifty-two week low of $83.49 and a fifty-two week high of $129.10. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17.

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

Visteon Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. Visteon’s payout ratio is currently 18.27%.

Institutional Investors Weigh In On Visteon

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of Visteon by 144.1% during the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Visteon during the third quarter worth approximately $48,000. UMB Bank n.a. raised its stake in shares of Visteon by 32.1% during the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after purchasing an additional 123 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Visteon by 72.0% during the third quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after purchasing an additional 177 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Visteon during the third quarter worth approximately $54,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VC shares. Wells Fargo & Company boosted their price objective on Visteon from $125.00 to $139.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wall Street Zen cut Visteon from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. JPMorgan Chase & Co. reduced their price objective on Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, UBS Group boosted their price objective on Visteon from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Nine equities 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 has a consensus rating of “Moderate Buy” and a consensus target price of $125.67.

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.