Insider Selling: Visteon Corporation (VC) CEO Sells 2,500 Shares of Stock
Visteon Corporation (NYSE:VC) CEO Sachin Lawande sold 2,500 shares of Visteon Corporation stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $126.05, for a total value of $315,125.00. Following the sale, the chief executive officer now owns 8,595 shares of the company’s stock, valued at $1,083,399.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Sachin Lawande also recently made the following trade(s):
- On Monday, October 16th, Sachin Lawande sold 2,004 shares of Visteon Corporation stock. The stock was sold at an average price of $123.90, for a total value of $248,295.60.
Shares of Visteon Corporation (NYSE VC) traded down $0.28 during trading hours on Friday, reaching $125.60. The company’s stock had a trading volume of 102,839 shares, compared to its average volume of 249,739. The stock has a market cap of $3,942.40, a P/E ratio of 19.96 and a beta of 0.83.
Visteon Corporation (NYSE:VC) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.17. Visteon Corporation had a return on equity of 29.13% and a net margin of 4.83%. The firm had revenue of $765.00 million for the quarter, compared to analysts’ expectations of $761.95 million. During the same period in the prior year, the business posted $1.10 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. sell-side analysts predict that Visteon Corporation will post 6.23 EPS for the current year.
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Several equities research analysts recently weighed in on the company. FBR & Co boosted their target price on Visteon Corporation from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Barclays PLC boosted their target price on Visteon Corporation from $107.00 to $112.00 and gave the stock an “equal weight” rating in a report on Friday, October 27th. Zacks Investment Research lowered Visteon Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Jefferies Group LLC started coverage on Visteon Corporation in a research report on Thursday, September 28th. They issued a “hold” rating and a $135.00 price target on the stock. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $126.00 price target on shares of Visteon Corporation in a research report on Wednesday, October 18th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Visteon Corporation currently has a consensus rating of “Buy” and a consensus price target of $123.86.
Institutional investors have recently bought and sold shares of the business. Timpani Capital Management LLC boosted its stake in Visteon Corporation by 48.0% in the second quarter. Timpani Capital Management LLC now owns 20,126 shares of the auto parts company’s stock worth $2,054,000 after purchasing an additional 6,525 shares in the last quarter. Leucadia National Corp acquired a new position in Visteon Corporation in the second quarter worth $1,531,000. James Investment Research Inc. boosted its stake in Visteon Corporation by 817.2% in the second quarter. James Investment Research Inc. now owns 14,675 shares of the auto parts company’s stock worth $1,498,000 after purchasing an additional 13,075 shares in the last quarter. First Trust Advisors LP boosted its stake in Visteon Corporation by 16.8% in the second quarter. First Trust Advisors LP now owns 43,853 shares of the auto parts company’s stock worth $4,476,000 after purchasing an additional 6,300 shares in the last quarter. Finally, AXA acquired a new position in Visteon Corporation in the second quarter worth $531,000.
Visteon Corporation 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.
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