State of New Jersey Common Pension Fund D Buys 3,194 Shares of Visteon Co. (NASDAQ:VC)

State of New Jersey Common Pension Fund D raised its stake in shares of Visteon Co. (NASDAQ:VC) by 19.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,604 shares of the company’s stock after buying an additional 3,194 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.07% of Visteon worth $1,867,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after buying an additional 119 shares during the last quarter. Mather Group LLC. purchased a new stake in Visteon during the 2nd quarter valued at $59,000. Acadian Asset Management LLC bought a new stake in shares of Visteon in the 2nd quarter worth $89,000. nVerses Capital LLC raised its stake in shares of Visteon by 22.2% in the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock worth $117,000 after purchasing an additional 200 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company’s stock valued at $149,000 after purchasing an additional 202 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Stock Down 1.8 %

Shares of NASDAQ VC opened at $90.02 on Tuesday. The firm’s 50-day moving average price is $92.36 and its 200-day moving average price is $101.63. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. Visteon Co. has a 12-month low of $86.77 and a 12-month high of $131.70. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 4.89, a P/E/G ratio of 0.45 and a beta of 1.45.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.89 by $0.37. The company had revenue of $980.00 million during the quarter, compared to analyst estimates of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. Visteon’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.35 earnings per share. On average, equities research analysts anticipate that Visteon Co. will post 8.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VC. Royal Bank of Canada decreased their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Wolfe Research initiated coverage on shares of Visteon in a report on Thursday, September 5th. They set a “peer perform” rating for the company. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $124.00 target price on shares of Visteon in a research note on Tuesday, September 10th. Finally, Barclays dropped their price target on Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $127.57.

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.