Visteon Corporation (NASDAQ:VC - Get Free Report) CAO Colleen Elizabeth Myers sold 475 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total transaction of $52,687.00. Following the completion of the sale, the chief accounting officer directly owned 241 shares of the company's stock, valued at approximately $26,731.72. This trade represents a 66.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Visteon Stock Performance
Visteon stock opened at $108.24 on Thursday. The firm has a 50 day simple moving average of $94.23 and a 200-day simple moving average of $99.13. Visteon Corporation has a 1-year low of $77.19 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. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.51 and a beta of 1.15.
Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.31). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The firm had revenue of $954.00 million during the quarter, compared to analysts' expectations of $901.33 million. During the same period last year, the company earned $2.47 EPS. The business's quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Visteon Corporation will post 8.51 EPS for the current year.
Visteon Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.375 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.50 annualized dividend and a dividend yield of 1.4%. This is an increase from Visteon's previous quarterly dividend of $0.28. Visteon's dividend payout ratio (DPR) is currently 18.27%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. 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 report on Thursday, April 23rd. Wells Fargo & Company decreased their price objective on shares of Visteon from $125.00 to $124.00 and set an "overweight" rating on the stock in a report on Tuesday, March 31st. Wolfe Research upgraded shares of Visteon from a "peer perform" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Monday. Royal Bank Of Canada decreased their price objective on shares of Visteon from $140.00 to $127.00 and set an "outperform" rating on the stock in a report on Friday, February 20th. Finally, Wall Street Zen lowered shares of Visteon from a "buy" rating to a "hold" rating in a report on Saturday, April 4th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Visteon presently has an average rating of "Moderate Buy" and an average target price of $124.42.
View Our Latest Stock Analysis on Visteon
Institutional Investors Weigh In On Visteon
A number of hedge funds have recently added to or reduced their stakes in VC. Farther Finance Advisors LLC lifted its holdings in Visteon by 144.1% during the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company's stock worth $27,000 after buying an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Visteon during the 3rd quarter worth approximately $30,000. Plato Investment Management Ltd acquired a new stake in Visteon during the 3rd quarter worth approximately $48,000. UMB Bank n.a. lifted its holdings 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 buying an additional 123 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in Visteon by 72.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company's stock worth $51,000 after buying an additional 177 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.
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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