Texas Permanent School Fund Corp Has $4.52 Million Stock Holdings in Visteon Corporation $VC

Texas Permanent School Fund Corp raised its position in Visteon Corporation (NASDAQ:VC) by 137.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 48,482 shares of the company’s stock after buying an additional 28,094 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Visteon were worth $4,523,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VC. Geode Capital Management LLC boosted its holdings in Visteon by 2.1% during the second quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock worth $65,316,000 after purchasing an additional 14,662 shares during the last quarter. Cresset Asset Management LLC bought a new stake in Visteon during the 1st quarter worth about $210,000. Nordea Investment Management AB boosted its stake in shares of Visteon by 26.5% during the 2nd quarter. Nordea Investment Management AB now owns 121,610 shares of the company’s stock worth $11,343,000 after buying an additional 25,467 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Visteon in the 2nd quarter valued at about $1,719,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of Visteon in the second quarter valued at about $10,948,000. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VC has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Visteon from $151.00 to $148.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Royal Bank Of Canada increased their price objective on Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Zacks Research downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. UBS Group cut their price target on shares of Visteon from $146.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Bank of America lifted their price objective on shares of Visteon from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.08.

Visteon Trading Down 2.0%

Shares of Visteon stock opened at $99.97 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. The business has a fifty day simple moving average of $105.70 and a two-hundred day simple moving average of $109.36. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $129.10. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 2.42 and a beta of 1.14.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.08. The company had revenue of $917.00 million for the quarter, compared to analyst estimates of $945.41 million. Visteon had a net margin of 8.22% and a return on equity of 21.85%. The company’s revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.26 earnings per share. Research analysts forecast that Visteon Corporation will post 8.42 EPS for the current year.

Visteon Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Tuesday, November 18th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, November 18th. Visteon’s dividend payout ratio is currently 9.88%.

Insider Transactions at Visteon

In other news, CEO Sachin Lawande sold 595 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $110.02, for a total transaction of $65,461.90. Following the completion of the sale, the chief executive officer owned 175,527 shares in the company, valued at $19,311,480.54. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

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.