Sachin Lawande Sells 2,500 Shares of Visteon Corp (VC) Stock

Visteon Corp (NYSE:VC) CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $125.00, for a total value of $312,500.00. Following the transaction, the chief executive officer now directly owns 8,595 shares in the company, valued at $1,074,375. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sachin Lawande also recently made the following trade(s):

  • On Friday, December 1st, Sachin Lawande sold 5,000 shares of Visteon stock. The stock was sold at an average price of $130.94, for a total value of $654,700.00.
  • On Monday, November 20th, Sachin Lawande sold 2,500 shares of Visteon stock. The stock was sold at an average price of $130.00, for a total value of $325,000.00.
  • On Wednesday, November 1st, Sachin Lawande sold 2,500 shares of Visteon stock. The stock was sold at an average price of $126.05, for a total value of $315,125.00.
  • On Monday, October 16th, Sachin Lawande sold 2,004 shares of Visteon stock. The stock was sold at an average price of $123.90, for a total value of $248,295.60.

Shares of Visteon Corp (VC) traded up $5.56 on Thursday, reaching $133.24. The company’s stock had a trading volume of 278,878 shares, compared to its average volume of 199,011. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. The company has a market cap of $57.42, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.34 and a beta of 0.86. Visteon Corp has a 1 year low of $81.46 and a 1 year high of $133.92.

Visteon (NYSE:VC) last released its earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.17. The company had revenue of $765.00 million during the quarter, compared to analyst estimates of $761.95 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. Visteon’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. analysts expect that Visteon Corp will post 6.23 earnings per share for the current year.

VC has been the topic of a number of research reports. Zacks Investment Research raised Visteon from a “hold” rating to a “buy” rating and set a $141.00 price target on the stock in a research note on Tuesday, October 31st. Citigroup upped their price target on Visteon from $113.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Barclays set a $107.00 price target on Visteon and gave the stock a “hold” rating in a research note on Friday, October 20th. FBR & Co boosted their price objective on Visteon from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, BMO Capital Markets raised Visteon from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $104.00 to $115.00 in a report on Friday, September 22nd. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $125.67.

Hedge funds have recently added to or reduced their stakes in the company. Timpani Capital Management LLC grew its holdings in shares of Visteon by 48.0% in the second quarter. Timpani Capital Management LLC now owns 20,126 shares of the auto parts company’s stock valued at $2,054,000 after acquiring an additional 6,525 shares in the last quarter. AXA bought a new position in shares of Visteon in the second quarter valued at approximately $531,000. Eagle Asset Management Inc. grew its holdings in shares of Visteon by 3.2% in the third quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock valued at $85,074,000 after acquiring an additional 20,570 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Visteon in the third quarter valued at approximately $293,000. Finally, Quantbot Technologies LP grew its holdings in shares of Visteon by 426.7% in the third quarter. Quantbot Technologies LP now owns 5,736 shares of the auto parts company’s stock valued at $709,000 after acquiring an additional 4,647 shares in the last quarter.

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About Visteon

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.

Insider Buying and Selling by Quarter for Visteon (NYSE:VC)

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