Visteon (NASDAQ:VC) CEO Sachin Lawande Sells 38,817 Shares

Visteon Corporation (NASDAQ:VC) CEO Sachin Lawande sold 38,817 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $113.63, for a total value of $4,410,775.71. Following the completion of the sale, the chief executive officer owned 193,822 shares in the company, valued at approximately $22,023,993.86. This trade represents a 16.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sachin Lawande also recently made the following trade(s):

• On Thursday, April 23rd, Sachin Lawande sold 11,009 shares of Visteon stock. The stock was sold at an average price of $110.09, for a total value of $1,211,980.81.
• 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 Trading Down 0.5%

NASDAQ VC opened at $113.14 on Tuesday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.51 and a beta of 1.15. The stock’s 50 day moving average price is $94.07 and its two-hundred day moving average price is $99.07. 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 52 week low of $77.00 and a 52 week high of $129.10.

Visteon (NASDAQ:VC) last issued 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 return on equity of 15.93% and a net margin of 5.99%.The business had revenue of $954.00 million for the quarter, compared to the consensus estimate of $901.33 million. During the same period in the prior year, the business earned $2.47 earnings per share. Visteon’s revenue was up 2.1% compared to the same quarter last year. As a group, analysts anticipate that Visteon Corporation will post 8.56 earnings per share for the current fiscal year.

Visteon Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.375 per share. This is a boost from Visteon’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.50 annualized dividend and a yield of 1.3%. Visteon’s payout ratio is presently 18.27%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VC. Wolfe Research upgraded Visteon from a “peer perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Monday. Barclays increased their price target on Visteon from $110.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday. Royal Bank Of Canada decreased their price target on Visteon from $140.00 to $127.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. UBS Group boosted their price target on Visteon from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley set a $115.00 price objective on Visteon in a research note on Monday. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $124.42.

Hedge Funds Weigh In On Visteon

Large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Visteon by 389.3% during the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock worth $1,707,000 after purchasing an additional 17,497 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Visteon by 31.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after buying an additional 59,764 shares in the last quarter. Amundi increased its position in Visteon by 1.3% during the 2nd quarter. Amundi now owns 6,862 shares of the company’s stock worth $706,000 after buying an additional 86 shares during the period. Jump Financial LLC increased its position in Visteon by 43.0% during the 2nd quarter. Jump Financial LLC now owns 16,833 shares of the company’s stock worth $1,571,000 after buying an additional 5,059 shares during the period. Finally, Cerity Partners LLC acquired a new stake in shares of Visteon during the second quarter worth $1,150,000. Institutional investors own 99.71% of the company’s stock.

Visteon Company Profile

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.