State of New Jersey Common Pension Fund D Has $2.09 Million Position in Visteon Corporation $VC

State of New Jersey Common Pension Fund D lifted its holdings in shares of Visteon Corporation (NASDAQ:VC) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,422 shares of the company’s stock after purchasing an additional 469 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Visteon were worth $2,092,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Fifth Third Bancorp grew its holdings in shares of Visteon by 111.5% during the second quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after buying an additional 204 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Visteon by 238.0% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock worth $56,000 after buying an additional 426 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Visteon by 33.5% during the first quarter. Signaturefd LLC now owns 913 shares of the company’s stock worth $71,000 after buying an additional 229 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Visteon during the first quarter worth about $84,000. Finally, Parallel Advisors LLC grew its holdings in shares of Visteon by 315.2% during the second quarter. Parallel Advisors LLC now owns 1,997 shares of the company’s stock worth $186,000 after buying an additional 1,516 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

VC has been the subject of a number of research reports. Royal Bank Of Canada increased their price objective on Visteon from $136.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Bank of America raised their price target on Visteon from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. JPMorgan Chase & Co. raised their price target on Visteon from $104.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Barclays set a $130.00 price target on Visteon in a research note on Monday. Finally, The Goldman Sachs Group set a $150.00 price target on Visteon and gave the company a “buy” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.85.

Visteon Stock Performance

VC opened at $104.20 on Thursday. Visteon Corporation has a 12-month low of $65.10 and a 12-month high of $129.10. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 2.61 and a beta of 1.22. The business has a 50 day moving average of $120.09 and a 200-day moving average of $103.84. The company has a quick ratio of 1.56, a current ratio of 1.89 and a debt-to-equity ratio of 0.18.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. Visteon had a return on equity of 21.85% and a net margin of 8.22%.The company had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $945.41 million. During the same period last year, the firm posted $2.26 earnings per share. The business’s revenue was down 6.4% on a year-over-year basis. Visteon has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Visteon Corporation will post 8.42 earnings per share for the current year.

Visteon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 18th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, November 18th. Visteon’s dividend payout ratio (DPR) is presently 9.88%.

Insider Activity at Visteon

In related news, SVP Robert R. Vallance sold 2,000 shares of Visteon stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $120.00, for a total transaction of $240,000.00. Following the completion of the sale, the senior vice president directly owned 18,838 shares of the company’s stock, valued at approximately $2,260,560. This trade represents a 9.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Francis M. Scricco sold 4,350 shares of Visteon stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total value of $524,305.50. Following the sale, the director directly owned 2,792 shares of the company’s stock, valued at approximately $336,519.76. The trade was a 60.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 10,392 shares of company stock valued at $1,256,581. 2.00% of the stock is currently owned by insiders.

Visteon 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.