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VAN BUREN TOWNSHIP, MI—Sachin Lawande, CEO and President of Visteon Corp (NASDAQ:VC), recently executed a series of stock transactions involving the company’s common stock. According to a Form 4 filing with the Securities and Exchange Commission, Lawande sold shares worth approximately $1.22 million. The sales occurred at prices ranging from $86.50 to $87.68 per share. The automotive technology company, which currently trades at an attractive P/E ratio of 4.5x, has demonstrated strong financial health according to InvestingPro analysis, with a robust current ratio of 1.74 and solid cash flow coverage of interest payments.
On March 10 and 11, Lawande sold a total of 13,932 shares. In addition to these sales, he also acquired shares through option exercises. On March 10, Lawande acquired 27,000 shares through the exercise of stock options at prices between $66.98 and $80.97 per share, totaling approximately $2.47 million. The stock, which has seen a 27.7% decline over the past year, appears undervalued based on InvestingPro’s Fair Value analysis.
Following these transactions, Lawande holds 307,596 shares of Visteon, maintaining a significant stake in the company. With a market capitalization of $2.27 billion and an EBITDA of $404 million in the last twelve months, Visteon shows promising fundamentals. Discover more insights and access comprehensive analysis with a InvestingPro subscription, which includes detailed Pro Research Reports covering 1,400+ top stocks.
In other recent news, Visteon Corporation reported a notable earnings beat for the fourth quarter of 2024, with earnings per share reaching $4.44, significantly surpassing the projected $1.93. However, revenue slightly missed expectations, coming in at $939 million against a forecast of $949.71 million. The company achieved record adjusted EBITDA of $474 million for the year, underscoring its operational efficiency and strong cash management. Despite these achievements, JPMorgan recently adjusted its price target for Visteon to $105 from $108, while maintaining a Neutral rating, due to mixed earnings results and challenges in the Chinese market.
JPMorgan’s analyst noted that Visteon’s Battery Management Systems segment faces a dim outlook due to a slowdown in the electric vehicle market. The company has provided guidance figures for 2025 and 2027 that fall below expectations, reflecting anticipated declines in sales in China and globally. Visteon has introduced 95 new products in 2024, focusing on areas like AI and electrification, which align with current industry trends. Analysts also highlighted that Visteon’s recent award wins with domestic Chinese automakers could boost future revenue, despite current challenges. The company has set a sales guidance midpoint of $3.75 billion for 2025, with expectations of mid-to-high single-digit growth in the following years.
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