Visteon Corporation Announces Quarterly Dividend of $0.28 (NASDAQ:VC)

Visteon Corporation (NASDAQ:VC - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Stockholders of record on Monday, August 18th will be given a dividend of 0.275 per share on Friday, September 5th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.96%.

Visteon Trading Up 0.5%

Visteon stock traded up $0.59 during trading hours on Thursday, hitting $114.77. The company had a trading volume of 405,013 shares, compared to its average volume of 383,239. The company has a 50-day moving average price of $94.41 and a two-hundred day moving average price of $85.83. Visteon has a 1 year low of $65.10 and a 1 year high of $117.94. The firm has a market cap of $3.13 billion, a P/E ratio of 10.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.83.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.53. The firm had revenue of $969.00 million for the quarter, compared to analyst estimates of $943.12 million. Visteon had a net margin of 7.68% and a return on equity of 24.95%. The business's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.54 earnings per share. On average, sell-side analysts anticipate that Visteon will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the sale, the senior vice president directly owned 20,838 shares in the company, valued at approximately $2,086,925.70. This represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company's stock.

Institutional Trading of Visteon

An institutional investor recently raised its position in Visteon stock. Royal Bank of Canada lifted its holdings in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 389.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,992 shares of the company's stock after purchasing an additional 17,497 shares during the period. Royal Bank of Canada owned about 0.08% of Visteon worth $1,707,000 as of its most recent SEC filing. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Visteon from $101.00 to $106.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. The Goldman Sachs Group upgraded shares of Visteon from a "neutral" rating to a "buy" rating and raised their price target for the company from $83.00 to $120.00 in a report on Friday, July 11th. UBS Group restated a "neutral" rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a report on Thursday, April 10th. Baird R W raised shares of Visteon from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. Finally, Robert W. Baird raised shares of Visteon from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $96.00 to $125.00 in a research report on Friday, July 11th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.58.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.