Visteon Corporation (VC) CEO Sachin Lawande Sells 2,500 Shares of Stock

Visteon Corporation (NYSE:VC) CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $126.05, for a total transaction of $315,125.00. Following the transaction, the chief executive officer now directly owns 8,595 shares of the company’s stock, valued at $1,083,399.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sachin Lawande also recently made the following trade(s):

  • On Monday, October 16th, Sachin Lawande sold 2,004 shares of Visteon Corporation stock. The shares were sold at an average price of $123.90, for a total transaction of $248,295.60.

Shares of Visteon Corporation (NYSE:VC) traded down $1.15 during trading hours on Friday, hitting $125.62. 151,051 shares of the company’s stock were exchanged, compared to its average volume of 232,307. Visteon Corporation has a 1-year low of $67.36 and a 1-year high of $128.39. The stock has a market cap of $3,910.00, a PE ratio of 19.96, a P/E/G ratio of 1.36 and a beta of 0.83. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47.

Visteon Corporation (NYSE:VC) last released its earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.17. The firm had revenue of $765.00 million during the quarter, compared to analyst estimates of $761.95 million. Visteon Corporation had a net margin of 4.83% and a return on equity of 29.13%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $1.10 EPS. equities research analysts forecast that Visteon Corporation will post 6.23 earnings per share for the current year.

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Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Visteon Corporation from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Thursday, July 13th. Citigroup Inc raised their target price on shares of Visteon Corporation from $113.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Gabelli cut shares of Visteon Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. UBS Group AG (USA) cut shares of Visteon Corporation from a “buy” rating to a “neutral” rating and raised their target price for the company from $108.00 to $113.00 in a research note on Monday, July 31st. Finally, Barclays PLC raised their target price on shares of Visteon Corporation from $107.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Visteon Corporation has an average rating of “Buy” and a consensus price target of $123.86.

Several institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP lifted its holdings in shares of Visteon Corporation by 2.8% in the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock worth $111,000 after acquiring an additional 30 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Visteon Corporation by 6.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after acquiring an additional 61 shares during the last quarter. ETRADE Capital Management LLC lifted its holdings in shares of Visteon Corporation by 5.2% in the 2nd quarter. ETRADE Capital Management LLC now owns 5,261 shares of the auto parts company’s stock worth $537,000 after acquiring an additional 261 shares during the last quarter. Creative Planning lifted its holdings in shares of Visteon Corporation by 19.2% in the 2nd quarter. Creative Planning now owns 2,170 shares of the auto parts company’s stock worth $221,000 after acquiring an additional 350 shares during the last quarter. Finally, Eagle Global Advisors LLC lifted its holdings in shares of Visteon Corporation by 1.4% in the 2nd quarter. Eagle Global Advisors LLC now owns 25,617 shares of the auto parts company’s stock worth $2,614,000 after acquiring an additional 362 shares during the last quarter.

About Visteon Corporation

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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