Public Employees Retirement System of Ohio Acquires 12,502 Shares of Visteon Corp (VC)

Public Employees Retirement System of Ohio lifted its holdings in shares of Visteon Corp (NYSE:VC) by 15.4% in the second quarter, Holdings Channel reports. The institutional investor owned 93,872 shares of the auto parts company’s stock after purchasing an additional 12,502 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Visteon were worth $12,132,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. James Investment Research Inc. acquired a new position in Visteon during the 2nd quarter valued at about $147,000. US Bancorp DE boosted its stake in Visteon by 261.2% during the 1st quarter. US Bancorp DE now owns 1,293 shares of the auto parts company’s stock valued at $143,000 after purchasing an additional 935 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Visteon by 189.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,464 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 959 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in Visteon by 92.9% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,640 shares of the auto parts company’s stock valued at $212,000 after purchasing an additional 790 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Visteon during the 2nd quarter valued at about $233,000.

Shares of NYSE:VC opened at $100.50 on Tuesday. Visteon Corp has a twelve month low of $98.97 and a twelve month high of $140.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76.

Visteon (NYSE:VC) last issued its quarterly earnings results on Thursday, July 26th. The auto parts company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.10). The company had revenue of $758.00 million during the quarter, compared to analyst estimates of $794.15 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The company’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share. equities research analysts predict that Visteon Corp will post 6.23 EPS for the current fiscal year.

In related news, CEO Sachin Lawande sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $126.81, for a total value of $634,050.00. Following the sale, the chief executive officer now directly owns 81,801 shares in the company, valued at approximately $10,373,184.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harry James Wilson bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was acquired at an average price of $116.71 per share, for a total transaction of $291,775.00. Following the completion of the acquisition, the director now directly owns 2,600 shares in the company, valued at $303,446. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 8,350 shares of company stock valued at $1,028,373. Company insiders own 0.19% of the company’s stock.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Visteon from $128.00 to $124.00 and set a “neutral” rating for the company in a research note on Friday, July 27th. Royal Bank of Canada reissued a “hold” rating and set a $123.00 target price on shares of Visteon in a research note on Friday, July 27th. Guggenheim set a $140.00 target price on shares of Visteon and gave the company a “buy” rating in a research note on Friday, July 27th. Goldman Sachs Group lowered shares of Visteon from a “buy” rating to a “neutral” rating and set a $142.00 target price for the company. in a research note on Friday, July 13th. Finally, Morgan Stanley set a $98.00 target price on shares of Visteon and gave the company a “sell” rating in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company. Visteon currently has an average rating of “Hold” and a consensus price target of $137.47.

Visteon Profile

Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.

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Institutional Ownership by Quarter for Visteon (NYSE:VC)

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