Key Points
- Visteon SVP Seungkyung Kim sold 600 shares on May 28 at an average price of $118.96, totaling $71,376. After the transaction, Kim held 389 shares, a 60.67% reduction in the position.
- The stock was down 0.7% and opened at $118.29, near its 1-year high of $129.10. Visteon now has a market cap of about $3.16 billion and trades at a P/E ratio of 14.41.
- Visteon recently reported mixed quarterly results, missing EPS estimates with $1.65 per share but beating revenue expectations at $954 million. The company also declared a quarterly dividend of $0.375 per share, yielding about 1.3% annually.
Visteon Corporation (NASDAQ:VC - Get Free Report) SVP Seungkyung Kim sold 600 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $118.96, for a total transaction of $71,376.00. Following the completion of the sale, the senior vice president owned 389 shares in the company, valued at $46,275.44. The trade was a 60.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Visteon Stock Down 0.7%
NASDAQ:VC opened at $118.29 on Friday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 14.41, a PEG ratio of 1.50 and a beta of 1.26. Visteon Corporation has a 1-year low of $81.18 and a 1-year high of $129.10. The company's fifty day moving average price is $102.53 and its 200-day moving average price is $99.64. 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 released 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). The business had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. Visteon had a return on equity of 15.93% and a net margin of 5.99%.The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.47 EPS. As a group, equities research analysts anticipate that Visteon Corporation will post 8.54 EPS for the current year.
Visteon Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, June 1st. Visteon's dividend payout ratio (DPR) is currently 18.27%.
Analyst Ratings Changes
Several analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Visteon from $110.00 to $108.00 and set a "neutral" rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of Visteon from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, May 1st. UBS Group raised 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, April 24th. Wells Fargo & Company dropped their price target on shares of Visteon from $125.00 to $124.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 31st. Finally, Barclays raised their price target on shares of Visteon from $110.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, April 27th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Visteon has a consensus rating of "Moderate Buy" and a consensus price target of $124.42.
Check Out Our Latest Research Report on Visteon
Hedge Funds Weigh In On Visteon
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VC. Royal Bank of Canada lifted its holdings in Visteon by 389.3% during the first quarter. Royal Bank of Canada now owns 21,992 shares of the company's stock valued at $1,707,000 after purchasing an additional 17,497 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Visteon by 31.5% during the first quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company's stock valued at $19,371,000 after purchasing an additional 59,764 shares in the last quarter. Amundi lifted its holdings in Visteon by 1.3% during the second quarter. Amundi now owns 6,862 shares of the company's stock valued at $706,000 after purchasing an additional 86 shares in the last quarter. Jump Financial LLC lifted its holdings in Visteon by 43.0% during the second quarter. Jump Financial LLC now owns 16,833 shares of the company's stock valued at $1,571,000 after purchasing an additional 5,059 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in Visteon during the second quarter valued at $1,150,000. 99.71% of the stock is owned by hedge funds and other institutional investors.
About Visteon
(
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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