Visteon Corporation (NASDAQ:VC - Get Free Report) CEO Sachin Lawande sold 11,009 shares of Visteon stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $110.09, for a total transaction of $1,211,980.81. Following the sale, the chief executive officer owned 193,822 shares of the company's stock, valued at approximately $21,337,863.98. The trade was a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sachin Lawande also recently made the following trade(s):
- On Friday, April 24th, Sachin Lawande sold 38,817 shares of Visteon stock. The stock was sold at an average price of $113.63, for a total value of $4,410,775.71.
- On Wednesday, March 4th, Sachin Lawande sold 49,453 shares of Visteon stock. The shares were sold at an average price of $93.44, for a total value of $4,620,888.32.
Visteon Stock Performance
NASDAQ VC opened at $113.14 on Tuesday. The business has a 50 day moving average price of $94.07 and a 200 day moving average price of $99.07. The company has a market capitalization of $3.02 billion, a P/E ratio of 13.78, a PEG ratio of 1.51 and a beta of 1.15. Visteon Corporation has a 1-year low of $77.00 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 posted its earnings results on Thursday, April 23rd. The company reported $1.65 EPS 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 for the quarter, compared to analysts' expectations of $901.33 million. During the same quarter in the previous year, the firm posted $2.47 earnings per share. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts expect that Visteon Corporation will post 8.56 EPS for the current fiscal year.
Visteon Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a $0.375 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.50 annualized dividend and a dividend yield of 1.3%. This is a boost from Visteon's previous quarterly dividend of $0.28. Visteon's payout ratio is presently 18.27%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on VC shares. Barclays lifted their target price on shares of Visteon from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Monday. UBS Group increased their price target on shares of Visteon from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on Visteon in a research report on Friday, February 20th. Morgan Stanley set a $115.00 target price on Visteon in a research note on Monday. Finally, Wells Fargo & Company lowered their target price on Visteon from $125.00 to $124.00 and set an "overweight" rating on the stock in a report on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.42.
Check Out Our Latest Analysis on Visteon
Hedge Funds Weigh In On Visteon
Large investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH boosted its holdings in Visteon by 1,380.9% in the third quarter. Allianz Asset Management GmbH now owns 74,875 shares of the company's stock valued at $8,975,000 after acquiring an additional 69,819 shares during the last quarter. Nordea Investment Management AB grew its position in Visteon by 11.0% during the third quarter. Nordea Investment Management AB now owns 135,025 shares of the company's stock valued at $16,216,000 after acquiring an additional 13,415 shares during the period. Legato Capital Management LLC acquired a new stake in Visteon during the third quarter worth about $2,664,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Visteon by 146.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,531 shares of the company's stock worth $7,016,000 after purchasing an additional 34,751 shares during the period. Finally, Dean Capital Management purchased a new position in shares of Visteon in the 3rd quarter worth about $4,256,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
Visteon Company Profile
(
Get Free Report)
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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