Insider Selling: Visteon (NASDAQ:VC) CEO Sells $65,461.90 in Stock

Visteon Corporation (NASDAQ:VC) CEO Sachin Lawande sold 595 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $110.02, for a total value of $65,461.90. Following the transaction, the chief executive officer owned 175,527 shares in the company, valued at approximately $19,311,480.54. This trade represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Visteon Stock Performance

Shares of VC stock opened at $106.67 on Friday. The stock has a market cap of $2.91 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 2.52 and a beta of 1.33. The stock has a 50-day moving average of $117.42 and a 200-day moving average of $105.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. Visteon Corporation has a one year low of $65.10 and a one year high of $129.10.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.08. The business had revenue of $917.00 million for the quarter, compared to analyst estimates of $945.41 million. Visteon had a net margin of 8.22% and a return on equity of 21.85%. Visteon’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.26 EPS. Visteon has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 18th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.0%. Visteon’s payout ratio is 9.88%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. bought a new stake in Visteon in the 1st quarter valued at approximately $619,000. Envestnet Asset Management Inc. grew its stake in shares of Visteon by 66.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 24,698 shares of the company’s stock worth $1,917,000 after acquiring an additional 9,900 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Visteon by 11.4% in the first quarter. M&T Bank Corp now owns 3,600 shares of the company’s stock valued at $280,000 after purchasing an additional 368 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Visteon in the first quarter worth $348,000. Finally, Ballentine Partners LLC acquired a new position in Visteon during the first quarter worth $372,000. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on VC shares. JPMorgan Chase & Co. raised their price objective on Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Morgan Stanley increased their price target on Visteon from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Royal Bank Of Canada lifted their price objective on Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on Visteon from $120.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Wells Fargo & Company raised their target price on shares of Visteon from $145.00 to $151.00 and gave the stock an “overweight” rating in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and an average price target of $131.85.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.