Visteon Corporation $VC Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in shares of Visteon Corporation (NASDAQ:VC) by 117.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,206 shares of the company’s stock after purchasing an additional 11,989 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Visteon worth $2,662,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VC. American Century Companies Inc. grew its position in Visteon by 28.6% in the 2nd quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock worth $207,364,000 after purchasing an additional 494,820 shares during the last quarter. State Street Corp boosted its position in Visteon by 3.1% during the 2nd quarter. State Street Corp now owns 1,107,091 shares of the company’s stock worth $103,292,000 after acquiring an additional 33,155 shares during the period. Geode Capital Management LLC increased its holdings in shares of Visteon by 2.1% during the second quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock valued at $65,316,000 after purchasing an additional 14,662 shares during the period. AQR Capital Management LLC increased its holdings in shares of Visteon by 62.4% during the second quarter. AQR Capital Management LLC now owns 297,829 shares of the company’s stock valued at $27,787,000 after purchasing an additional 114,470 shares during the period. Finally, Systematic Financial Management LP lifted its holdings in Visteon by 1.1% in the second quarter. Systematic Financial Management LP now owns 285,193 shares of the company’s stock worth $26,609,000 after purchasing an additional 3,242 shares during the period. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Up 1.2%

Visteon stock opened at $100.90 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $129.10. The firm’s fifty day simple moving average is $98.05 and its 200-day simple moving average is $109.32. The company has a market capitalization of $2.75 billion, a P/E ratio of 9.07 and a beta of 1.16.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on VC shares. The Goldman Sachs Group set a $120.00 target price on Visteon in a research report on Thursday, January 15th. Zacks Research cut shares of Visteon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Visteon from $104.00 to $122.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Royal Bank Of Canada upped their price target on Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Finally, Wells Fargo & Company reduced their price objective on Visteon from $151.00 to $148.00 and set an “overweight” rating for the company in a research note on Tuesday, December 9th. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Visteon has an average rating of “Moderate Buy” and a consensus price target of $127.15.

Visteon 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.