Visteon Corp (NYSE:VC) CEO Sachin Lawande sold 2,500 shares of the business’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $125.00, for a total transaction of $312,500.00. Following the completion of the sale, the chief executive officer now directly owns 32,527 shares of the company’s stock, valued at approximately $4,065,875. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Sachin Lawande also recently made the following trade(s):
- On Thursday, March 1st, Sachin Lawande sold 1,539 shares of Visteon stock. The shares were sold at an average price of $123.62, for a total transaction of $190,251.18.
VC stock opened at $134.09 on Friday. Visteon Corp has a 52 week low of $130.74 and a 52 week high of $131.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76.
Visteon (NYSE:VC) last released its earnings results on Thursday, April 26th. The auto parts company reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.29. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The business had revenue of $814.00 million for the quarter, compared to the consensus estimate of $832.35 million. During the same period in the previous year, the firm earned $1.73 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. analysts forecast that Visteon Corp will post 6.23 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of Visteon by 261.2% during the first quarter. US Bancorp DE now owns 1,293 shares of the auto parts company’s stock valued at $143,000 after acquiring an additional 935 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Visteon by 42.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock valued at $220,000 after acquiring an additional 526 shares during the period. TLP Group LLC raised its holdings in shares of Visteon by 61,600.0% during the first quarter. TLP Group LLC now owns 1,851 shares of the auto parts company’s stock valued at $204,000 after acquiring an additional 1,848 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Visteon during the first quarter valued at approximately $213,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Visteon by 644.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,294 shares of the auto parts company’s stock valued at $287,000 after acquiring an additional 1,986 shares during the period.
Several research analysts have recently commented on VC shares. Robert W. Baird lifted their price target on shares of Visteon from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, April 9th. Cowen assumed coverage on shares of Visteon in a research note on Monday, April 16th. They set an “outperform” rating and a $136.00 target price for the company. Gabelli raised shares of Visteon from a “hold” rating to a “buy” rating and set a $158.00 target price for the company in a research note on Monday, February 26th. Royal Bank of Canada reduced their target price on shares of Visteon to $131.00 and set a “sector perform” rating for the company in a research note on Sunday, January 21st. Finally, Morgan Stanley boosted their target price on shares of Visteon from $112.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $140.33.
Visteon Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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