Visteon (NASDAQ:VC) SVP Sells $71,376.00 in Stock

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

Visteon Price Performance

Shares of Visteon stock traded down $0.77 during trading on Friday, hitting $118.35. The stock had a trading volume of 475,537 shares, compared to its average volume of 591,680. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.48 and a beta of 1.26. Visteon Corporation has a 12 month low of $81.18 and a 12 month high of $129.10. The business’s 50-day moving average is $101.85 and its 200 day moving average is $99.51. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17.

Visteon (NASDAQ:VCGet Free Report) last released its quarterly 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 firm had revenue of $954.00 million during the quarter, compared to the consensus estimate of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The company’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 company posted $2.47 EPS. As a group, sell-side analysts anticipate that Visteon Corporation will post 8.54 earnings per share for the current year.

Visteon Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in Visteon by 130.1% in the first quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock worth $36,108,000 after acquiring an additional 224,097 shares in the last quarter. Edgestream Partners L.P. grew its position in Visteon by 355.9% in the first quarter. Edgestream Partners L.P. now owns 16,452 shares of the company’s stock worth $1,499,000 after acquiring an additional 12,843 shares in the last quarter. Amundi grew its position in Visteon by 54.4% in the first quarter. Amundi now owns 8,178 shares of the company’s stock worth $745,000 after acquiring an additional 2,880 shares in the last quarter. California State Teachers Retirement System grew its position in Visteon by 25.5% in the first quarter. California State Teachers Retirement System now owns 32,697 shares of the company’s stock worth $2,979,000 after acquiring an additional 6,653 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Visteon by 103.2% in the first quarter. Royal Bank of Canada now owns 45,410 shares of the company’s stock worth $4,137,000 after acquiring an additional 23,066 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VC shares. Barclays upped their price target on shares of Visteon from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, April 27th. Royal Bank Of Canada decreased their price target on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of Visteon in a report on Friday, February 20th. Wells Fargo & Company decreased their price target on shares of Visteon from $125.00 to $124.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Finally, The Goldman Sachs Group upped their target price on shares of Visteon from $106.00 to $118.00 and gave the stock a “buy” rating in a research 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’s stock. According to data from MarketBeat, Visteon currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.42.

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Visteon Company Profile

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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.

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