Sachin Lawande Sells 2,500 Shares of Visteon Corp (NYSE:VC) Stock

Visteon Corp (NYSE:VC) CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total transaction of $312,500.00. Following the sale, the chief executive officer now owns 8,595 shares of the company’s stock, valued at $1,074,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, January 4th, Sachin Lawande sold 2,500 shares of Visteon stock. The stock was sold at an average price of $130.00, for a total transaction of $325,000.00.
  • On Friday, December 1st, Sachin Lawande sold 5,000 shares of Visteon stock. The stock was sold at an average price of $130.94, for a total transaction of $654,700.00.
  • On Monday, November 20th, Sachin Lawande sold 2,500 shares of Visteon stock. The stock was sold at an average price of $130.00, for a total transaction of $325,000.00.
  • On Wednesday, November 1st, Sachin Lawande sold 2,500 shares of Visteon stock. The stock was sold at an average price of $126.05, for a total transaction of $315,125.00.
  • On Monday, October 16th, Sachin Lawande sold 2,004 shares of Visteon stock. The shares were sold at an average price of $123.90, for a total transaction of $248,295.60.

Shares of Visteon Corp (NYSE VC) opened at $138.03 on Friday. 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 Corp has a fifty-two week low of $86.10 and a fifty-two week high of $140.64. The stock has a market cap of $4,290.00, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.34 and a beta of 0.86.

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

VC has been the subject of a number of analyst reports. BMO Capital Markets raised shares of Visteon from a “market perform” rating to an “outperform” rating and raised their target price for the company from $104.00 to $115.00 in a research note on Friday, September 22nd. Zacks Investment Research raised shares of Visteon from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research report on Wednesday, September 27th. Jefferies Group assumed coverage on shares of Visteon in a research report on Thursday, September 28th. They set a “hold” rating and a $135.00 price target for the company. Royal Bank of Canada reissued a “hold” rating and set a $115.00 price target on shares of Visteon in a research report on Tuesday, October 3rd. Finally, Robert W. Baird restated a “buy” rating and issued a $143.00 target price on shares of Visteon in a report on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $132.31.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC lifted its holdings in Visteon by 74.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 85,783 shares of the auto parts company’s stock worth $10,617,000 after buying an additional 36,583 shares during the period. California Public Employees Retirement System lifted its holdings in Visteon by 3.7% during the 3rd quarter. California Public Employees Retirement System now owns 126,068 shares of the auto parts company’s stock worth $15,603,000 after buying an additional 4,468 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in Visteon by 820.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,373 shares of the auto parts company’s stock worth $2,398,000 after buying an additional 17,268 shares during the period. Janus Henderson Group PLC lifted its holdings in Visteon by 7.2% during the 3rd quarter. Janus Henderson Group PLC now owns 825,572 shares of the auto parts company’s stock worth $102,181,000 after buying an additional 55,325 shares during the period. Finally, Caxton Associates LP acquired a new position in Visteon during the 3rd quarter worth about $458,000.

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About Visteon

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.

Insider Buying and Selling by Quarter for Visteon (NYSE:VC)

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