Stock Analysis

Robert Manzo Is The Independent Director of Visteon Corporation (NASDAQ:VC) And They Just Sold 33% Of Their Shares

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We wouldn't blame Visteon Corporation (NASDAQ:VC) shareholders if they were a little worried about the fact that Robert Manzo, the Independent Director recently netted about US$505k selling shares at an average price of US$168. That's a big disposal, and it decreased their holding size by 33%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Visteon

Notably, that recent sale by Robert Manzo is the biggest insider sale of Visteon shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$161. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Visteon insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

NasdaqGS:VC Insider Trading Volume March 15th 2023

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Insider Ownership Of Visteon

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 1.2% of Visteon shares, worth about US$51m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Visteon Tell Us?

An insider sold Visteon shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. On the plus side, Visteon makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Visteon. Every company has risks, and we've spotted 1 warning sign for Visteon you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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