Visteon Co. (NASDAQ:VC) CAO Colleen Elizabeth Myers Sells 225 Shares

Visteon Co. (NASDAQ:VC) CAO Colleen Elizabeth Myers sold 225 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $81.81, for a total value of $18,407.25. Following the transaction, the chief accounting officer now owns 243 shares of the company’s stock, valued at $19,879.83. This trade represents a 48.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Visteon Stock Down 2.1 %

NASDAQ:VC traded down $1.76 during trading hours on Friday, hitting $80.28. 853,737 shares of the company’s stock traded hands, compared to its average volume of 286,551. The firm has a market cap of $2.17 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.42 and a beta of 1.39. Visteon Co. has a twelve month low of $75.75 and a twelve month high of $119.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock’s fifty day moving average price is $84.42 and its two-hundred day moving average price is $89.27.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank of Canada dropped their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Barclays dropped their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. TD Cowen assumed coverage on Visteon in a research note on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley dropped their price objective 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. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Visteon has an average rating of “Moderate Buy” and a consensus target price of $117.25.

Institutional Trading of Visteon

A number of institutional investors have recently bought and sold shares of the company. 111 Capital purchased a new stake in shares of Visteon during the 4th quarter worth about $321,000. Wealth Enhancement Advisory Services LLC acquired a new position in Visteon in the fourth quarter worth approximately $203,000. Lansforsakringar Fondforvaltning AB publ acquired a new stake in Visteon in the fourth quarter valued at approximately $233,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Visteon by 24.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,916 shares of the company’s stock worth $7,179,000 after acquiring an additional 15,666 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of Visteon by 23.4% during the 4th quarter. Voloridge Investment Management LLC now owns 229,114 shares of the company’s stock worth $20,327,000 after purchasing an additional 43,464 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

About Visteon

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.