Visteon Corporation (NASDAQ:VC – Get Free Report) SVP Robert Vallance sold 2,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $116.50, for a total transaction of $233,000.00. Following the transaction, the senior vice president owned 18,469 shares of the company’s stock, valued at $2,151,638.50. This represents a 9.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Visteon Trading Up 4.9%
NASDAQ VC opened at $123.90 on Wednesday. The company has a fifty day moving average of $103.19 and a 200 day moving average of $99.66. The company has a market capitalization of $3.31 billion, a PE ratio of 15.09, a P/E/G ratio of 1.49 and a beta of 1.26. Visteon Corporation has a 1 year low of $81.77 and a 1 year high of $129.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.73 and a quick ratio of 1.43.
Visteon (NASDAQ:VC – Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The firm had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $2.47 EPS. Research analysts forecast that Visteon Corporation will post 8.54 earnings per share for the current year.
Visteon Dividend Announcement
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Visteon by 130.1% during the 1st quarter. Bank of America Corp DE now owns 396,310 shares of the company’s stock worth $36,108,000 after purchasing an additional 224,097 shares during the last quarter. Edgestream Partners L.P. grew its stake in Visteon by 355.9% during the 1st quarter. Edgestream Partners L.P. now owns 16,452 shares of the company’s stock valued at $1,499,000 after acquiring an additional 12,843 shares in the last quarter. Amundi grew its stake in Visteon by 54.4% during the 1st quarter. Amundi now owns 8,178 shares of the company’s stock valued at $745,000 after acquiring an additional 2,880 shares in the last quarter. California State Teachers Retirement System grew its stake in Visteon by 25.5% during the 1st quarter. California State Teachers Retirement System now owns 32,697 shares of the company’s stock valued at $2,979,000 after acquiring an additional 6,653 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Visteon by 103.2% during the 1st quarter. Royal Bank of Canada now owns 45,410 shares of the company’s stock valued at $4,137,000 after acquiring an additional 23,066 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.
Analyst Upgrades and Downgrades
VC has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their price objective on shares of Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. The Goldman Sachs Group upped their price objective 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. JPMorgan Chase & Co. decreased their price objective on shares of Visteon from $110.00 to $108.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Robert W. Baird upped their price target on shares of Visteon from $112.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, 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 research report on Monday, April 27th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and a consensus target price of $125.67.
Get Our Latest Stock Analysis on VC
Visteon Company Profile
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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