State of New Jersey Common Pension Fund D Acquires 4,494 Shares of Visteon Co. (NASDAQ:VC)

State of New Jersey Common Pension Fund D boosted its stake in shares of Visteon Co. (NASDAQ:VC - Free Report) by 22.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,098 shares of the company's stock after purchasing an additional 4,494 shares during the period. State of New Jersey Common Pension Fund D owned about 0.09% of Visteon worth $2,138,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Nordea Investment Management AB bought a new stake in shares of Visteon during the 4th quarter valued at $7,730,000. Principal Financial Group Inc. raised its holdings in Visteon by 3.2% during the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company's stock valued at $26,131,000 after acquiring an additional 8,500 shares during the period. Mirabella Financial Services LLP raised its holdings in Visteon by 361.3% during the third quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company's stock valued at $1,628,000 after acquiring an additional 13,390 shares during the period. Systematic Financial Management LP lifted its position in shares of Visteon by 11.8% in the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company's stock valued at $24,728,000 after acquiring an additional 27,403 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Visteon by 28.2% in the third quarter. Royce & Associates LP now owns 202,214 shares of the company's stock worth $19,259,000 after acquiring an additional 44,460 shares during the period. Institutional investors own 99.71% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently commented on VC. Wells Fargo & Company boosted their price target on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Royal Bank of Canada lowered their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Barclays cut their target price on shares of Visteon from $140.00 to $115.00 and set an "overweight" rating for the company in a research note on Wednesday, January 22nd. Finally, StockNews.com downgraded shares of Visteon from a "buy" rating to a "hold" rating in a report on Sunday, November 3rd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.77.

Visteon Trading Up 1.3 %

VC stock traded up $1.12 during midday trading on Tuesday, reaching $89.24. 311,968 shares of the company traded hands, compared to its average volume of 325,910. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 9.10, a P/E/G ratio of 0.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The business has a 50 day moving average of $85.44 and a 200-day moving average of $90.89. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $121.45.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. As a group, sell-side analysts expect that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

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.