Visteon Corporation (NASDAQ:VC) Holdings Lowered by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in shares of Visteon Corporation (NASDAQ:VC - Free Report) by 32.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,311 shares of the company's stock after selling 9,246 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Visteon worth $1,499,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake in Visteon by 286.7% in the first quarter. UMB Bank n.a. now owns 437 shares of the company's stock valued at $34,000 after buying an additional 324 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Visteon by 558.9% during the first quarter. Parallel Advisors LLC now owns 481 shares of the company's stock worth $37,000 after purchasing an additional 408 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after purchasing an additional 347 shares during the last quarter. Signaturefd LLC raised its stake in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of Visteon during the first quarter worth approximately $63,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Insider Buying and Selling

In other news, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the completion of the transaction, the senior vice president owned 20,838 shares of the company's stock, valued at approximately $2,086,925.70. This represents a 8.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on VC. Baird R W upgraded Visteon from a "hold" rating to a "strong-buy" rating in a research note on Friday. Robert W. Baird upgraded Visteon from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $96.00 to $125.00 in a research note on Friday. Wells Fargo & Company upped their price target on Visteon from $101.00 to $106.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Wolfe Research raised Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 target price on the stock in a report on Wednesday, July 2nd. Finally, Morgan Stanley dropped their price objective on Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.23.

Visteon Stock Up 2.3%

Visteon stock traded up $2.44 during midday trading on Friday, hitting $110.73. 855,833 shares of the company were exchanged, compared to its average volume of 337,290. The company's fifty day moving average price is $90.14 and its 200-day moving average price is $84.58. Visteon Corporation has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The company has a market cap of $3.02 billion, a PE ratio of 10.38 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.70. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.95% and a net margin of 7.68%. The business's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 EPS. On average, research analysts predict that Visteon Corporation will post 8.42 EPS for the current fiscal year.

About Visteon

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.