State of New Jersey Common Pension Fund D Buys 469 Shares of 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 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 22,422 shares of the company’s stock after purchasing an additional 469 shares during the period. State of New Jersey Common Pension Fund D owned 0.08% of Visteon worth $2,092,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in VC. 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 purchasing an additional 204 shares during 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 purchasing an additional 426 shares during 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 purchasing an additional 229 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Visteon during the first quarter worth $84,000. Finally, CWM LLC grew its holdings in shares of Visteon by 31.6% during the first quarter. CWM LLC now owns 2,072 shares of the company’s stock worth $161,000 after purchasing an additional 497 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird set a $141.00 target price on Visteon in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft upped their price target on Visteon from $120.00 to $131.00 and gave the company a “buy” rating in a research note on Friday, July 25th. UBS Group cut their price target on Visteon from $146.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Barclays set a $130.00 price target on Visteon in a research note on Monday. Finally, JPMorgan Chase & Co. upped 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. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.85.

Visteon Trading Down 2.9%

NASDAQ:VC opened at $104.20 on Thursday. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $129.10. The business’s 50-day moving average price is $120.09 and its two-hundred day moving average price is $103.84. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 2.61 and a beta of 1.22.

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

Visteon Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.10 annualized dividend and a yield of 1.1%. Visteon’s dividend payout ratio is presently 9.88%.

Insider Activity

In other Visteon news, Director Francis M. Scricco sold 4,350 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $120.53, for a total value of $524,305.50. Following the transaction, the director owned 2,792 shares of the company’s stock, valued at approximately $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president directly owned 18,838 shares in the company, valued at $2,260,560. The trade was a 9.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,392 shares of company stock worth $1,256,581 in the last three months. Insiders own 2.00% of the company’s stock.

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.