Insider Selling: Visteon (NASDAQ:VC) Director Sells 4,350 Shares of Stock

Key Points

• Visteon Corporation Director Francis Scricco sold 4,350 shares of the company's stock at an average price of $120.53, marking a 60.91% decrease in his ownership.
• The company reported $2.39 earnings per share for the last quarter, exceeding estimates, amid a 4.4% drop in revenue compared to the previous year.
• Visteon recently declared a quarterly dividend of $0.275 per share, reflecting a modest annual yield of 0.9% and a payout ratio of 10.49%.

Visteon Corporation (NASDAQ:VC - Get Free Report) Director Francis Scricco sold 4,350 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the sale, the director owned 2,792 shares in the company, valued at approximately $336,519.76. The trade was a 60.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Visteon Stock Up 0.7%

VC stock traded up $0.87 during trading hours on Monday, reaching $126.25. 310,367 shares of the stock were exchanged, compared to its average volume of 379,051. The firm's 50-day moving average is $108.12 and its 200-day moving average is $90.78. Visteon Corporation has a 12 month low of $65.10 and a 12 month high of $127.59. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 4.84 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 posted its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share 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 analysts' expectations of $943.12 million. During the same period in the prior year, the firm earned $2.54 earnings per share. Visteon's revenue for the quarter was down 4.4% compared to the same quarter last year. Visteon has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Dividend Announcement

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

Hedge Funds Weigh In On Visteon

A number of hedge funds have recently bought and sold shares of VC. Fifth Third Bancorp grew its holdings in Visteon by 111.5% during the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company's stock worth $36,000 after acquiring an additional 204 shares during the period. UMB Bank n.a. grew its position in shares of Visteon by 286.7% during 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 during the period. Parallel Advisors LLC grew its position in shares of Visteon by 558.9% during the 1st quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after buying an additional 408 shares during the period. EMC Capital Management bought a new stake in shares of Visteon in the 2nd quarter valued at $45,000. Finally, GAMMA Investing LLC lifted its position in shares of Visteon by 238.0% during the 2nd quarter. GAMMA Investing LLC now owns 605 shares of the company's stock valued at $56,000 after acquiring an additional 426 shares during the period. Institutional investors own 99.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of Visteon from $90.00 to $95.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 12th. Wolfe Research raised Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price on the stock in a research report on Wednesday, July 2nd. Robert W. Baird raised Visteon from a "neutral" rating to an "outperform" rating and increased their price target for the company from $96.00 to $125.00 in a research report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Baird R W raised Visteon from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

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.

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