Joao Paulo Ribeiro Sells 710 Shares of Visteon Corporation (NASDAQ:VC) Stock

Key Points

• Joao Paulo Ribeiro, SVP of Visteon Corporation, sold 710 shares at an average price of $115.09, resulting in a total transaction of $81,713.90, reducing his position by 9.58%.
• Visteon reported earnings of $2.39 per share for the last quarter, exceeding estimates by $0.35, but experienced a 4.4% decline in revenue year-over-year to $969 million.
• Institutional investors and hedge funds hold 99.71% of Visteon's stock, indicating strong support from large investors in the company.

Visteon Corporation (NASDAQ:VC - Get Free Report) SVP Joao Paulo Ribeiro sold 710 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $115.09, for a total transaction of $81,713.90. Following the completion of the sale, the senior vice president owned 6,698 shares of the company's stock, valued at $770,872.82. The trade was a 9.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Visteon Trading Down 0.5%

NASDAQ VC traded down $0.61 during trading on Friday, reaching $110.54. 339,792 shares of the stock traded hands, compared to its average volume of 515,448. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 4.39 and a beta of 1.22. The stock's 50-day moving average price is $98.33 and its 200 day moving average price is $87.20. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 0.19. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $117.90.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.35. Visteon had a net margin of 7.61% and a return on equity of 23.22%. The firm had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. During the same quarter in the previous year, the firm posted $2.54 earnings per share. The business's revenue was down 4.4% on a year-over-year basis. Analysts predict that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.10 dividend on an annualized basis and a yield of 1.0%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Robert W. Baird upgraded shares of Visteon from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $96.00 to $125.00 in a research report on Friday, July 11th. UBS Group reiterated a "buy" rating and set a $146.00 price target (up previously from $142.00) on shares of Visteon in a research report on Friday, July 25th. Wells Fargo & Company lifted their price target on shares of Visteon from $106.00 to $129.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Barclays lifted their price target on shares of Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Finally, Cfra Research cut shares of Visteon from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $115.58.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its position in shares of 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 in the last quarter. UMB Bank n.a. lifted its position in shares of Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock worth $34,000 after purchasing an additional 324 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of 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 in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after purchasing an additional 347 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of 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 in the last quarter. Institutional investors own 99.71% of the company's stock.

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.