Insider Selling: Visteon Co. (NASDAQ:VC) CAO Sells 225 Shares of Stock

Visteon Co. (NASDAQ:VC - Get Free Report) 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 transaction of $18,407.25. Following the transaction, the chief accounting officer now directly owns 243 shares in the company, valued at approximately $19,879.83. The trade was a 48.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Visteon Stock Performance

Shares of NASDAQ VC traded up $0.60 during midday trading on Tuesday, hitting $82.05. The company's stock had a trading volume of 253,134 shares, compared to its average volume of 286,234. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. Visteon Co. has a 1-year low of $75.75 and a 1-year high of $119.16. The firm's fifty day moving average price is $84.34 and its 200-day moving average price is $88.85. The firm has a market cap of $2.22 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.42 and a beta of 1.39.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $2.47. The company had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. On average, sell-side analysts forecast that Visteon Co. will post 8.42 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its stake in shares of Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after purchasing an additional 347 shares during the period. Signaturefd LLC grew its holdings in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after buying an additional 263 shares in the last quarter. KBC Group NV increased its position in Visteon by 37.7% in the 3rd quarter. KBC Group NV now owns 902 shares of the company's stock valued at $86,000 after acquiring an additional 247 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock valued at $105,000 after acquiring an additional 1,061 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after acquiring an additional 754 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VC. Barclays dropped their target price on Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. 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 report on Wednesday, February 19th. TD Cowen started coverage on Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 target price for the company. Morgan Stanley dropped their price target on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Finally, Wells Fargo & Company upped their price target on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $117.25.

Visteon Company Profile

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.