Key Points
- Visteon SVP Robert Vallance sold 2,000 shares on June 1 at an average price of $116.50, totaling $233,000. The sale was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 18,469 shares.
- The company recently reported mixed quarterly results, with earnings of $1.65 per share missing expectations but revenue of $954 million coming in above estimates. Revenue rose 2.1% year over year, and analysts currently forecast full-year EPS of 8.54.
- Visteon also announced a quarterly dividend of $0.375 per share, payable June 15, for an annualized yield of 1.2%. Institutional ownership remains very high at 99.71%, and analysts’ consensus rating is “Moderate Buy.”
Visteon Corporation (NASDAQ:VC - Get Free Report) SVP Robert Vallance sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $119.40, for a total transaction of $119,400.00. Following the completion of the sale, the senior vice president directly owned 17,469 shares in the company, valued at $2,085,798.60. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Visteon Price Performance
VC opened at $123.15 on Thursday. The company's 50 day simple moving average is $104.71 and its 200 day simple moving average is $99.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.43 and a current ratio of 1.73. Visteon Corporation has a 1 year low of $81.77 and a 1 year high of $129.10. The stock has a market capitalization of $3.29 billion, a PE ratio of 15.00, a P/E/G ratio of 1.56 and a beta of 1.26.
Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $2.47 earnings per share. As a group, sell-side analysts expect 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. Shareholders of record on Monday, June 1st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 1st. Visteon's payout ratio is 18.27%.
Institutional Trading of Visteon
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH increased its stake in shares of Visteon by 1,380.9% in the third quarter. Allianz Asset Management GmbH now owns 74,875 shares of the company's stock worth $8,975,000 after buying an additional 69,819 shares during the last quarter. Dean Capital Management bought a new stake in Visteon during the third quarter valued at $4,256,000. Legato Capital Management LLC bought a new stake in Visteon during the third quarter valued at $2,664,000. Vanguard Group Inc. increased its stake in Visteon by 0.5% during the third quarter. Vanguard Group Inc. now owns 2,863,897 shares of the company's stock valued at $343,267,000 after purchasing an additional 12,903 shares during the last quarter. Finally, Intech Investment Management LLC increased its stake in Visteon by 120.4% during the third quarter. Intech Investment Management LLC now owns 112,832 shares of the company's stock valued at $13,524,000 after purchasing an additional 61,628 shares during the last quarter. Institutional investors own 99.71% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on VC. Barclays lifted their price objective on shares of Visteon from $110.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, April 27th. Robert W. Baird lifted their price objective on shares of Visteon from $112.00 to $121.00 and gave the company an "outperform" rating in a research note on Friday, April 24th. The Goldman Sachs Group lifted their price objective on shares of Visteon from $106.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded shares of Visteon from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Visteon from $125.00 to $139.00 and gave the company an "overweight" rating in a research note on Tuesday. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.67.
Read Our Latest Research Report on VC
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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