Visteon Corp (NYSE:VC) CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $125.00, for a total value of $312,500.00. Following the completion of the sale, the chief executive officer now directly owns 32,527 shares in the company, valued at approximately $4,065,875. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
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 value of $190,251.18.
Shares of VC traded up $2.23 during trading hours on Thursday, hitting $134.77. The stock had a trading volume of 5,135 shares, compared to its average volume of 338,885. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. Visteon Corp has a 1-year low of $130.74 and a 1-year high of $131.54.
Visteon (NYSE:VC) last issued its earnings results on Thursday, April 26th. The auto parts company reported $2.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.29. The company had revenue of $814.00 million during the quarter, compared to the consensus estimate of $832.35 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business posted $1.73 EPS. analysts forecast that Visteon Corp will post 6.23 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in VC. Bank of New York Mellon Corp boosted its stake in shares of Visteon by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,815,769 shares of the auto parts company’s stock worth $227,226,000 after buying an additional 11,660 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Visteon by 2.0% in the 4th quarter. BlackRock Inc. now owns 1,353,256 shares of the auto parts company’s stock worth $169,348,000 after buying an additional 26,010 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Visteon by 9.8% in the 1st quarter. OppenheimerFunds Inc. now owns 1,152,532 shares of the auto parts company’s stock worth $127,055,000 after buying an additional 102,704 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Visteon by 34.3% in the 1st quarter. Eagle Asset Management Inc. now owns 893,987 shares of the auto parts company’s stock worth $98,553,000 after buying an additional 228,310 shares during the last quarter. Finally, Carillon Tower Advisers Inc. boosted its stake in shares of Visteon by 6.5% in the 1st quarter. Carillon Tower Advisers Inc. now owns 516,321 shares of the auto parts company’s stock worth $56,020,000 after buying an additional 31,352 shares during the last quarter.
VC has been the topic of several recent research reports. Longbow Research set a $160.00 price objective on Visteon and gave the company a “buy” rating in a report on Monday, April 30th. Gabelli raised Visteon from a “hold” rating to a “buy” rating and set a $158.00 price objective on the stock in a report on Monday, February 26th. Guggenheim set a $145.00 target price on Visteon and gave the stock a “buy” rating in a research report on Friday, February 23rd. BMO Capital Markets set a $160.00 target price on Visteon and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Susquehanna Bancshares set a $143.00 target price on Visteon and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. The stock 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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