Visteon Co. (NASDAQ:VC) Stock Holdings Cut by Retirement Systems of Alabama

Retirement Systems of Alabama cut its position in shares of Visteon Co. (NASDAQ:VC) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 33,535 shares of the company’s stock after selling 527 shares during the quarter. Retirement Systems of Alabama owned 0.12% of Visteon worth $3,194,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC boosted its holdings in Visteon by 70.8% during the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after buying an additional 119 shares in the last quarter. KBC Group NV lifted its position in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after acquiring an additional 247 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Visteon during the 2nd quarter worth $89,000. nVerses Capital LLC raised its position in shares of Visteon by 22.2% during 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 period. 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 during the last quarter. Institutional investors own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VC. Barclays cut their price target on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $124.00 target price on shares of Visteon in a report on Tuesday, September 10th. Wolfe Research initiated coverage on Visteon in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Royal Bank of Canada reduced their price objective on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, StockNews.com cut Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.15.

Visteon Stock Performance

Shares of VC opened at $85.71 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. Visteon Co. has a one year low of $84.01 and a one year high of $130.10. The company’s fifty day moving average price is $91.68 and its 200 day moving average price is $98.22. The company has a market capitalization of $2.37 billion, a PE ratio of 4.65, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same quarter last year, the firm posted $2.35 EPS. The company’s revenue was down 3.4% on a year-over-year basis. As a group, analysts expect that Visteon Co. will post 8.2 earnings per share for the current year.

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.