Insider Selling: Visteon Corporation (NASDAQ:VC) SVP Sells 2,000 Shares of Stock

Key Points

• Robert R. Vallance, Senior Vice President at Visteon Corporation, sold 2,000 shares of stock at an average price of $120.00, totaling $240,000, reducing his ownership by 9.60%.
$2.39 EPS, exceeding expectations, despite a 4.4% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.275 per share, representing an annualized yield of 0.9%, with the payout scheduled for September 5th.

Visteon Corporation (NASDAQ:VC - Get Free Report) SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president owned 18,838 shares of the company's stock, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Visteon Stock Performance

NASDAQ VC traded down $1.83 during trading hours on Thursday, hitting $121.61. The company's stock had a trading volume of 237,369 shares, compared to its average volume of 382,830. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $123.78. The company's 50 day simple moving average is $103.37 and its two-hundred day simple moving average is $88.87. The company has a market cap of $3.32 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 4.72 and a beta of 1.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.87 and a quick ratio of 1.55.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.39 EPS for the quarter, topping the consensus estimate of $2.04 by $0.35. Visteon had a return on equity of 23.22% and a net margin of 7.61%. The company had revenue of $969.00 million during the quarter, compared to the consensus estimate of $943.12 million. During the same period last year, the company earned $2.54 EPS. Visteon's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 18th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, August 18th. Visteon's dividend payout ratio (DPR) is presently 10.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VC shares. Cfra Research downgraded Visteon from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 24th. Barclays increased their price objective on Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Wolfe Research upgraded Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price objective for the company in a report on Wednesday, July 2nd. UBS Group restated a "buy" rating and set a $146.00 price target (up from $142.00) on shares of Visteon in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price target on Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $116.00.

Institutional Investors Weigh In On Visteon

Several large investors have recently bought and sold shares of VC. UMB Bank n.a. increased its holdings in Visteon by 286.7% in the 1st quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after buying an additional 324 shares in the last quarter. Fifth Third Bancorp boosted its position in Visteon by 111.5% in the second quarter. Fifth Third Bancorp now owns 387 shares of the company's stock worth $36,000 after purchasing an additional 204 shares during the last quarter. Parallel Advisors LLC boosted its position in Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after purchasing an additional 408 shares during the last quarter. EMC Capital Management purchased a new position in Visteon in the second quarter worth about $45,000. Finally, GAMMA Investing LLC boosted its position in Visteon by 238.0% in the second quarter. GAMMA Investing LLC now owns 605 shares of the company's stock worth $56,000 after purchasing an additional 426 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

About Visteon

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.

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