Insider Selling: Visteon Corporation (NASDAQ:VC) SVP Sells 710 Shares of 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 Visteon stock in a transaction on Monday, July 28th. The stock was sold at an average price of $115.09, for a total transaction of $81,713.90. Following the transaction, the senior vice president owned 6,698 shares in the company, valued at $770,872.82. This represents a 9.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Visteon Trading Down 0.5%

Shares of VC stock traded down $0.61 during mid-day trading on Friday, reaching $110.54. The company's stock had a trading volume of 339,792 shares, compared to its average volume of 515,448. The company's 50 day simple moving average is $98.33 and its 200-day simple moving average is $87.19. The firm has a market capitalization of $3.02 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 4.41 and a beta of 1.22. 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 12-month low of $65.10 and a 12-month high of $117.90.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 23.22% and a net margin of 7.61%. The firm had revenue of $969.00 million during the quarter, compared to analyst estimates of $943.12 million. During the same quarter last year, the firm earned $2.54 EPS. Visteon's quarterly revenue was down 4.4% on a year-over-year basis. On average, research analysts predict that Visteon Corporation will post 8.42 EPS for the current fiscal year.

Visteon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 18th will be given a dividend of $0.275 per share. The ex-dividend date is Monday, August 18th. This represents a $1.10 annualized dividend and a dividend yield of 1.0%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group reissued 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. Barclays upped their price target on Visteon from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Visteon from $101.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Guggenheim cut their price objective on Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, Baird R W upgraded shares of Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Visteon has a consensus rating of "Moderate Buy" and an average target price of $115.58.

Hedge Funds Weigh In On Visteon

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Visteon during the 4th quarter worth $29,468,000. American Century Companies Inc. increased its position in shares of Visteon by 19.3% during the 1st quarter. American Century Companies Inc. now owns 1,727,731 shares of the company's stock worth $134,106,000 after purchasing an additional 279,714 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Visteon by 2,402.0% in the first quarter. Pacer Advisors Inc. now owns 271,738 shares of the company's stock worth $21,092,000 after acquiring an additional 260,877 shares during the last quarter. New Vernon Capital Holdings II LLC acquired a new position in Visteon during the 1st quarter valued at about $17,068,000. Finally, Nuveen LLC acquired a new position in Visteon during the 1st quarter valued at about $15,612,000. 99.71% of the stock is owned by institutional investors.

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.