Insider Selling: Visteon Co. (NASDAQ:VC) CAO Sells $18,407.25 in Stock

Visteon Co. (NASDAQ:VC) CAO Colleen Elizabeth Myers sold 225 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $81.81, for a total transaction of $18,407.25. Following the completion of the sale, the chief accounting officer now owns 243 shares in the company, valued at $19,879.83. This represents a 48.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Visteon Price Performance

VC opened at $80.28 on Monday. Visteon Co. has a 1 year low of $75.75 and a 1 year high of $119.16. The company’s 50 day simple moving average is $84.38 and its 200 day simple moving average is $88.98. The stock has a market capitalization of $2.17 billion, a PE ratio of 8.18, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. As a group, sell-side analysts expect that Visteon Co. will post 8.42 EPS for the current year.

Institutional Investors Weigh In On Visteon

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in shares of Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC raised its holdings in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after buying an additional 263 shares during the period. KBC Group NV lifted its position in Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after buying an additional 247 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock worth $105,000 after buying an additional 1,061 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after buying an additional 754 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on VC. Barclays cut their target price on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Morgan Stanley reduced their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Wells Fargo & Company raised their price target on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. TD Cowen started coverage on Visteon in a research report on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective on the stock. Finally, Royal Bank of Canada dropped their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.25.

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.