Insider Selling: Visteon (NASDAQ:VC) SVP Sells $71,376.00 in Stock

Visteon Corporation (NASDAQ:VC) SVP Seungkyung Kim sold 600 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.96, for a total transaction of $71,376.00. Following the completion of the transaction, the senior vice president owned 389 shares of the company’s stock, valued at approximately $46,275.44. This represents a 60.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Visteon Price Performance

VC stock opened at $118.29 on Monday. The firm has a market cap of $3.16 billion, a PE ratio of 14.41, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73. The firm’s fifty day moving average is $102.53 and its 200 day moving average is $99.59. Visteon Corporation has a one year low of $81.18 and a one year high of $129.10.

Visteon (NASDAQ:VC) 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). Visteon had a return on equity of 15.93% and a net margin of 5.99%.The firm had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. During the same quarter last year, the company posted $2.47 EPS. The company’s revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that Visteon Corporation will post 8.54 EPS for the current year.

Visteon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.375 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.50 dividend on an annualized basis and a yield of 1.3%. Visteon’s dividend payout ratio is presently 18.27%.

Hedge Funds Weigh In On Visteon

A number of hedge funds have recently made changes to their positions in the company. Amundi boosted its stake in shares of Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after acquiring an additional 86 shares during the last quarter. Orion Porfolio Solutions LLC raised its stake in Visteon by 1.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,141 shares of the company’s stock valued at $976,000 after purchasing an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Visteon by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock valued at $509,000 after purchasing an additional 100 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Visteon by 1.8% in the 4th quarter. Advisors Asset Management Inc. now owns 6,536 shares of the company’s stock valued at $622,000 after purchasing an additional 116 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VC. Wells Fargo & Company dropped their price objective on Visteon from $125.00 to $124.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. The Goldman Sachs Group increased their target price on Visteon from $106.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Weiss Ratings raised shares of Visteon from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Monday, April 27th. Finally, UBS Group upped their price objective on shares of Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.42.

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.