Visteon Co. (NASDAQ:VC) SVP Sells $431,166.07 in Stock

Visteon Co. (NASDAQ:VC) SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Visteon Trading Down 7.0 %

Shares of VC opened at $104.37 on Friday. Visteon Co. has a 52-week low of $101.42 and a 52-week high of $159.06. The stock has a market cap of $2.88 billion, a PE ratio of 5.96, a price-to-earnings-growth ratio of 0.56 and a beta of 1.45. The firm’s fifty day moving average is $108.25 and its two-hundred day moving average is $112.57. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Visteon had a net margin of 13.79% and a return on equity of 51.69%. Visteon’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. Research analysts forecast that Visteon Co. will post 8.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Visteon

Several hedge funds and other institutional investors have recently made changes to their positions in VC. Assenagon Asset Management S.A. boosted its holdings in Visteon by 404.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 405,280 shares of the company’s stock valued at $47,665,000 after purchasing an additional 324,946 shares during the last quarter. Norges Bank acquired a new position in Visteon in the fourth quarter valued at approximately $40,092,000. Cubist Systematic Strategies LLC lifted its holdings in Visteon by 416.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock valued at $18,619,000 after acquiring an additional 120,210 shares during the last quarter. FIFTHDELTA Ltd grew its position in Visteon by 13.6% in the first quarter. FIFTHDELTA Ltd now owns 546,617 shares of the company’s stock worth $64,288,000 after acquiring an additional 65,500 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Visteon by 5.5% during the fourth quarter. Victory Capital Management Inc. now owns 1,155,805 shares of the company’s stock worth $144,360,000 after acquiring an additional 60,507 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on VC. TD Cowen cut their price objective on shares of Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. The Goldman Sachs Group dropped their price objective on shares of Visteon from $161.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Baird R W lowered Visteon from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Guggenheim dropped their target price on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.31.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.