Visteon Corp (NYSE:VC) CEO Sells $325,000.00 in Stock

Visteon Corp (NYSE:VC) CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $130.00, for a total value of $325,000.00. Following the completion of the sale, the chief executive officer now owns 8,595 shares of the company’s stock, valued at approximately $1,117,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sachin Lawande also recently made the following trade(s):

  • On Tuesday, January 2nd, Sachin Lawande sold 2,500 shares of Visteon stock. The stock was sold at an average price of $125.00, for a total value of $312,500.00.
  • On Friday, December 1st, Sachin Lawande sold 5,000 shares of Visteon stock. The stock was sold at an average price of $130.94, for a total value of $654,700.00.
  • On Monday, November 20th, Sachin Lawande sold 2,500 shares of Visteon stock. The stock was sold at an average price of $130.00, for a total value of $325,000.00.
  • On Wednesday, November 1st, Sachin Lawande sold 2,500 shares of Visteon stock. The stock was sold at an average price of $126.05, for a total value of $315,125.00.
  • On Monday, October 16th, Sachin Lawande sold 2,004 shares of Visteon stock. The stock was sold at an average price of $123.90, for a total value of $248,295.60.

Shares of Visteon Corp (VC) traded down $2.15 during trading on Thursday, reaching $127.93. The company had a trading volume of 388,857 shares, compared to its average volume of 302,653. Visteon Corp has a 52 week low of $88.29 and a 52 week high of $140.64. The company has a market capitalization of $4,040.00, a price-to-earnings ratio of 24.46, a PEG ratio of 1.34 and a beta of 0.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97.

Visteon declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

VC has been the subject of several research analyst reports. Zacks Investment Research cut Visteon from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Robert W. Baird reiterated a “buy” rating and set a $143.00 target price on shares of Visteon in a research report on Tuesday, October 17th. Royal Bank of Canada reiterated a “hold” rating and set a $126.00 target price on shares of Visteon in a research report on Wednesday, October 18th. UBS Group increased their target price on Visteon from $113.00 to $125.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Finally, Barclays set a $107.00 target price on Visteon and gave the stock a “hold” rating in a research report on Friday, October 20th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Visteon has an average rating of “Buy” and an average price target of $134.25.

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Visteon by 2,531.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 962 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Visteon by 6.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after purchasing an additional 61 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Visteon by 2.8% in the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 30 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Visteon by 64.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 526 shares during the last quarter. Finally, Riverhead Capital Management LLC bought a new stake in shares of Visteon in the 2nd quarter valued at approximately $153,000.

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Visteon Company Profile

Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.

Insider Buying and Selling by Quarter for Visteon (NYSE:VC)

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