Visteon Co. (NASDAQ:VC) Shares Acquired by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp boosted its stake in shares of Visteon Co. (NASDAQ:VC) by 2.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,018 shares of the company’s stock after purchasing an additional 678 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.09% of Visteon worth $2,669,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VC. Signaturefd LLC boosted its position in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after acquiring an additional 119 shares during the period. Parallel Advisors LLC boosted its position in Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after acquiring an additional 142 shares during the period. Fidelis Capital Partners LLC acquired a new position in Visteon during the 1st quarter worth $48,000. Quadrant Capital Group LLC boosted its position in Visteon by 76.7% during the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock worth $51,000 after acquiring an additional 178 shares during the period. Finally, Mather Group LLC. acquired a new position in Visteon during the 2nd quarter worth $59,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Up 0.3 %

NASDAQ:VC opened at $90.79 on Tuesday. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 5.19, a PEG ratio of 0.43 and a beta of 1.46. Visteon Co. has a 1-year low of $88.37 and a 1-year high of $143.97. The company has a current ratio of 1.85, a quick ratio of 1.50 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $102.42 and its 200 day moving average price is $108.15.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, July 25th. The company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.58. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. Visteon’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. On average, sell-side analysts forecast that Visteon Co. will post 8.06 earnings per share for the current fiscal year.

Insider Activity at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the transaction, the senior vice president now owns 5,988 shares in the company, valued at $669,039.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VC shares. The Goldman Sachs Group dropped their price objective on Visteon from $161.00 to $133.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. dropped their price objective on Visteon from $144.00 to $135.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada dropped their price objective on Visteon from $144.00 to $129.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. TD Cowen dropped their price objective on Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research note on Tuesday, September 10th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.86.

About Visteon

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.