23,769 Shares in Visteon Corporation $VC Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Visteon Corporation (NASDAQ:VC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,769 shares of the company’s stock, valued at approximately $2,358,000. Public Employees Retirement System of Ohio owned approximately 0.09% of Visteon as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Visteon by 144.1% in the 4th quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares during the period. UMB Bank n.a. increased its stake in shares of Visteon by 32.1% during the fourth quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after acquiring an additional 123 shares during the period. Clearstead Advisors LLC raised its holdings in Visteon by 183.7% during the fourth quarter. Clearstead Advisors LLC now owns 576 shares of the company’s stock worth $55,000 after purchasing an additional 373 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Visteon by 1,195.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 596 shares of the company’s stock worth $57,000 after purchasing an additional 550 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Visteon by 58.7% in the second quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock worth $58,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. TD Cowen upped their price target on shares of Visteon from $130.00 to $135.00 and gave the company a “buy” rating in a report on Monday, June 29th. Wall Street Zen lowered shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Morgan Stanley raised their target price on shares of Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. Wolfe Research lowered shares of Visteon from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. upped their price target on Visteon from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.54.

Visteon Trading Up 0.4%

NASDAQ VC opened at $102.64 on Friday. Visteon Corporation has a twelve month low of $83.49 and a twelve month high of $129.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.45 and a current ratio of 1.78. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 0.66 and a beta of 1.30. The firm’s 50 day moving average price is $104.05 and its two-hundred day moving average price is $103.72.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.30). The business had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. Visteon had a return on equity of 14.61% and a net margin of 5.58%.The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $2.39 EPS. Equities analysts anticipate that Visteon Corporation will post 8.41 EPS for the current year.

Visteon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Visteon’s dividend payout ratio is 19.61%.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.