State of New Jersey Common Pension Fund D Boosts Holdings in Visteon Co. (NASDAQ:VC)

State of New Jersey Common Pension Fund D lifted its stake in Visteon Co. (NASDAQ:VC) by 18.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,183 shares of the company’s stock after buying an additional 3,247 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.08% of Visteon worth $2,646,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VC. Fifth Third Bancorp grew its position in Visteon by 3.0% during the 3rd quarter. Fifth Third Bancorp now owns 2,988 shares of the company’s stock worth $413,000 after purchasing an additional 86 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Visteon by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock worth $706,000 after acquiring an additional 94 shares during the period. Covestor Ltd lifted its stake in shares of Visteon by 105.7% in the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after acquiring an additional 111 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of Visteon by 1.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,574 shares of the company’s stock worth $1,190,000 after acquiring an additional 140 shares during the period. Finally, CWM LLC lifted its stake in shares of Visteon by 53.6% in the 4th quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VC. Bank of America reduced their target price on shares of Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. StockNews.com upgraded shares of Visteon from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. UBS Group upgraded shares of Visteon from a “neutral” rating to a “buy” rating and raised their target price for the stock from $143.00 to $145.00 in a research note on Wednesday, January 17th. Finally, Robert W. Baird reduced their price objective on shares of Visteon from $140.00 to $137.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Visteon has a consensus rating of “Moderate Buy” and an average target price of $142.36.

Visteon Stock Performance

Shares of VC opened at $110.63 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 0.28. The stock has a market cap of $3.05 billion, a P/E ratio of 6.32, a PEG ratio of 0.51 and a beta of 1.65. The company has a 50-day moving average of $113.32 and a two-hundred day moving average of $117.94. Visteon Co. has a 12-month low of $105.19 and a 12-month high of $159.87.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). The business had revenue of $933.00 million for the quarter, compared to analyst estimates of $971.45 million. Visteon had a return on equity of 53.49% and a net margin of 12.60%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 EPS. As a group, research analysts predict that Visteon Co. will post 8.64 EPS for the current fiscal year.

Visteon Company 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.