Brett D. Pynnonen Sells 2,000 Shares of Visteon Co. (NASDAQ:VC) Stock
Visteon Co. (NASDAQ:VC – Get Rating) VP Brett D. Pynnonen sold 2,000 shares of Visteon stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $113.75, for a total value of $227,500.00. Following the sale, the vice president now directly owns 8,111 shares in the company, valued at approximately $922,626.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ:VC traded down $0.13 during trading on Wednesday, reaching $114.28. 222,811 shares of the company traded hands, compared to its average volume of 349,284. The company has a quick ratio of 1.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. Visteon Co. has a 1-year low of $88.82 and a 1-year high of $134.57. The firm has a fifty day simple moving average of $102.74 and a 200 day simple moving average of $107.40. The firm has a market cap of $3.21 billion, a P/E ratio of 69.26 and a beta of 1.80.
Visteon (NASDAQ:VC – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.36. Visteon had a net margin of 1.65% and a return on equity of 13.40%. The business had revenue of $818.00 million during the quarter, compared to analyst estimates of $731.40 million. During the same quarter in the previous year, the business earned $0.56 EPS. Visteon’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, research analysts anticipate that Visteon Co. will post 4.9 EPS for the current year.
A number of research analysts recently commented on the stock. Robert W. Baird raised their price objective on shares of Visteon from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 18th. Bank of America upgraded shares of Visteon from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $122.00 to $140.00 in a research report on Wednesday, April 6th. Jefferies Financial Group lifted their price objective on shares of Visteon from $132.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, February 18th. BNP Paribas assumed coverage on shares of Visteon in a research report on Monday, April 11th. They set a “neutral” rating and a $99.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Visteon presently has an average rating of “Hold” and a consensus target price of $121.15.
Several hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its position in Visteon by 4.0% during the 3rd quarter. Hsbc Holdings PLC now owns 2,134 shares of the company’s stock worth $204,000 after acquiring an additional 83 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Visteon by 1.4% during the 4th quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the company’s stock worth $800,000 after acquiring an additional 100 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Visteon by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock worth $328,000 after acquiring an additional 117 shares during the last quarter. LPL Financial LLC lifted its position in Visteon by 1.9% during the 3rd quarter. LPL Financial LLC now owns 6,978 shares of the company’s stock worth $659,000 after acquiring an additional 132 shares during the last quarter. Finally, M&T Bank Corp lifted its position in Visteon by 6.7% during the 1st quarter. M&T Bank Corp now owns 3,051 shares of the company’s stock worth $333,000 after acquiring an additional 192 shares during the last quarter.
Visteon Company Profile (Get Rating)
Visteon Corporation, an automotive technology company, engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback, and light effects; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence-based voice assistant with natural language understanding.
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