Visteon Corporation (NASDAQ:VC – Get Free Report) SVP Brett Pynnonen sold 5,000 shares of Visteon stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $120.00, for a total transaction of $600,000.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Visteon Trading Down 0.9%
Shares of NASDAQ:VC traded down $1.09 during trading on Tuesday, reaching $119.35. The stock had a trading volume of 420,096 shares, compared to its average volume of 581,513. The business has a fifty day moving average price of $106.64 and a 200-day moving average price of $100.27. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.19 billion, a P/E ratio of 14.54, 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.
Visteon (NASDAQ:VC – Get Free Report) last issued 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). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. During the same quarter last year, the firm posted $2.47 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. As a group, analysts anticipate that Visteon Corporation will post 8.54 earnings per share for the current fiscal year.
Visteon Dividend Announcement
Hedge Funds Weigh In On Visteon
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its position in shares of Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares during the period. Plato Investment Management Ltd acquired a new stake in Visteon during the third quarter worth $48,000. UMB Bank n.a. boosted its stake in 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 buying an additional 123 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in 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 buying an additional 177 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Visteon in the 3rd quarter valued at $54,000. Institutional investors own 99.71% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Weiss Ratings raised shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Morgan Stanley set a $115.00 price target on Visteon in a research note on Monday, April 27th. The Goldman Sachs Group raised their target price on shares of Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada lowered their target price 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. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.67.
Check Out Our Latest Research Report on Visteon
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.
See Also
- Five stocks we like better than Visteon
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.
