Sachin Lawande Sells 49,453 Shares of Visteon (NASDAQ:VC) Stock

Visteon Corporation (NASDAQ:VC) CEO Sachin Lawande sold 49,453 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $93.44, for a total transaction of $4,620,888.32. Following the sale, the chief executive officer directly owned 175,527 shares in the company, valued at approximately $16,401,242.88. This represents a 21.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Visteon Stock Performance

Shares of VC stock opened at $90.33 on Friday. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 9.58, a price-to-earnings-growth ratio of 1.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.80 and a quick ratio of 1.53. The business has a fifty day moving average of $97.05 and a 200 day moving average of $106.92. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $129.10.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.88. Visteon had a return on equity of 17.94% and a net margin of 6.93%.The business had revenue of $948.00 million for the quarter, compared to the consensus estimate of $920.25 million. During the same quarter in the previous year, the business earned $4.44 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, research analysts expect that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, March 2nd. This is an increase from Visteon’s previous quarterly dividend of $0.28. Visteon’s dividend payout ratio (DPR) is 15.91%.

Analysts Set New Price Targets

A number of brokerages have recently commented on VC. Robert W. Baird lowered their target price on Visteon from $126.00 to $119.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Wolfe Research cut Visteon from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 12th. Morgan Stanley raised their price objective on shares of Visteon from $95.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. UBS Group decreased their target price on shares of Visteon from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Finally, Wall Street Zen raised shares of Visteon from a “hold” rating to a “buy” rating in a report on Saturday. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Visteon has an average rating of “Moderate Buy” and a consensus price target of $123.33.

Hedge Funds Weigh In On Visteon

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Visteon by 2,564.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,078 shares of the company’s stock worth $198,000 after purchasing an additional 2,000 shares during the last quarter. Villanova Investment Management Co LLC lifted its position in Visteon by 119.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 23,913 shares of the company’s stock worth $2,274,000 after buying an additional 13,014 shares in the last quarter. Pacer Advisors Inc. lifted its position in Visteon by 10.1% during the fourth quarter. Pacer Advisors Inc. now owns 141,188 shares of the company’s stock worth $13,427,000 after buying an additional 12,998 shares in the last quarter. Invesco Ltd. boosted its stake in Visteon by 8.4% during the fourth quarter. Invesco Ltd. now owns 1,253,628 shares of the company’s stock worth $119,220,000 after buying an additional 97,100 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Visteon by 10.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 4,000 shares of the company’s stock valued at $380,000 after buying an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

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.