23,769 Shares in Visteon Corporation $VC Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of Visteon Corporation (NASDAQ:VC) in the second quarter, HoldingsChannel reports. The fund acquired 23,769 shares of the company’s stock, valued at approximately $2,358,000.

Several other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Visteon by 389.3% during the 1st quarter. Royal Bank of Canada now owns 21,992 shares of the company’s stock valued at $1,707,000 after buying an additional 17,497 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Visteon by 31.5% during the first quarter. Goldman Sachs Group Inc. now owns 249,564 shares of the company’s stock valued at $19,371,000 after acquiring an additional 59,764 shares in the last quarter. Amundi lifted its stake in Visteon by 1.3% in the second quarter. Amundi now owns 6,862 shares of the company’s stock valued at $706,000 after acquiring an additional 86 shares during the last quarter. Jump Financial LLC grew its position in Visteon by 43.0% in the second quarter. Jump Financial LLC now owns 16,833 shares of the company’s stock worth $1,571,000 after acquiring an additional 5,059 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Visteon during the 2nd quarter worth $1,150,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Trading Up 0.4%

Visteon stock opened at $102.64 on Friday. Visteon Corporation has a 52 week low of $83.49 and a 52 week high of $129.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.45 and a current ratio of 1.78. The firm has a market capitalization of $2.74 billion, a PE ratio of 13.42, a PEG ratio of 0.66 and a beta of 1.30. The business’s 50-day simple moving average is $104.05 and its 200-day simple moving average is $103.72.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.30). The business had revenue of $960.00 million for the quarter, compared to the consensus estimate of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. Visteon’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.39 EPS. Equities research analysts forecast that Visteon Corporation will post 8.41 earnings per share for the current year.

Visteon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Visteon’s dividend payout ratio is currently 19.61%.

Analyst Upgrades and Downgrades

VC has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Visteon from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reduced their price target on Visteon from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Morgan Stanley upped their price target on Visteon from $115.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. Wolfe Research downgraded Visteon from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 28th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $121.00 target price on shares of Visteon in a research report on Friday, June 26th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Visteon has a consensus rating of “Moderate Buy” and an average target price of $135.54.

About Visteon

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.