Visteon Corp (NYSE:VC) CEO Sachin Lawande sold 2,500 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $125.00, for a total value of $312,500.00. Following the sale, the chief executive officer now directly owns 32,527 shares of the company’s stock, valued at approximately $4,065,875. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Sachin Lawande also recently made the following trade(s):
- On Thursday, March 1st, Sachin Lawande sold 1,539 shares of Visteon stock. The shares were sold at an average price of $123.62, for a total value of $190,251.18.
Shares of Visteon traded down $1.44, hitting $132.65, during trading on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 448,924 shares, compared to its average volume of 340,408. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. Visteon Corp has a fifty-two week low of $91.20 and a fifty-two week high of $140.64.
A number of research firms have issued reports on VC. Citigroup lowered their price target on Visteon from $128.00 to $126.00 and set a “neutral” rating for the company in a research report on Tuesday, May 8th. Longbow Research set a $160.00 target price on Visteon and gave the stock a “buy” rating in a research report on Monday, April 30th. Guggenheim set a $145.00 target price on Visteon and gave the stock a “buy” rating in a research report on Friday, February 23rd. Susquehanna Bancshares set a $143.00 target price on Visteon and gave the stock a “buy” rating in a research report on Wednesday, March 14th. Finally, BMO Capital Markets set a $160.00 target price on Visteon and gave the stock a “buy” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $140.33.
Several large investors have recently added to or reduced their stakes in VC. Bank of Montreal Can raised its stake in shares of Visteon by 44.6% during the fourth quarter. Bank of Montreal Can now owns 11,095 shares of the auto parts company’s stock valued at $1,390,000 after acquiring an additional 3,422 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Visteon by 2.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 121,793 shares of the auto parts company’s stock valued at $15,242,000 after acquiring an additional 2,331 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Visteon during the fourth quarter valued at approximately $287,000. First Quadrant L P CA grew its stake in Visteon by 114.9% during the fourth quarter. First Quadrant L P CA now owns 134,495 shares of the auto parts company’s stock valued at $16,831,000 after acquiring an additional 71,902 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Visteon during the fourth quarter valued at approximately $30,134,000.
Visteon Company Profile
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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