Louisiana State Employees Retirement System Acquires New Position in Visteon Co. (NASDAQ:VC)

Louisiana State Employees Retirement System bought a new stake in Visteon Co. (NASDAQ:VC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,800 shares of the company's stock, valued at approximately $974,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd grew its stake in shares of Visteon by 105.7% in the third quarter. Covestor Ltd now owns 216 shares of the company's stock worth $30,000 after acquiring an additional 111 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Visteon by 38.3% in the third quarter. Headlands Technologies LLC now owns 1,256 shares of the company's stock worth $173,000 after acquiring an additional 348 shares in the last quarter. Pathstone Family Office LLC acquired a new position in shares of Visteon in the third quarter worth $234,000. Teza Capital Management LLC acquired a new position in shares of Visteon in the third quarter worth $236,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Visteon by 20.0% in the third quarter. Exchange Traded Concepts LLC now owns 1,825 shares of the company's stock worth $252,000 after acquiring an additional 304 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

VC has been the subject of a number of analyst reports. StockNews.com upgraded shares of Visteon from a "hold" rating to a "buy" rating in a research note on Thursday, January 11th. JPMorgan Chase & Co. lowered their target price on shares of Visteon from $146.00 to $145.00 and set a "neutral" rating for the company in a research note on Monday. Wolfe Research reiterated a "peer perform" rating on shares of Visteon in a research note on Thursday, January 4th. Royal Bank of Canada lowered their target price on shares of Visteon from $188.00 to $146.00 and set an "outperform" rating for the company in a research note on Thursday, March 7th. Finally, Guggenheim lowered their target price on shares of Visteon from $136.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $142.70.

Visteon Stock Performance

Shares of NASDAQ:VC traded down $1.48 on Thursday, reaching $109.66. The company's stock had a trading volume of 793,568 shares, compared to its average volume of 284,985. The stock's 50-day moving average is $113.72 and its two-hundred day moving average is $118.59. Visteon Co. has a 52-week low of $105.19 and a 52-week high of $159.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42. The stock has a market capitalization of $3.01 billion, a P/E ratio of 6.38, a PEG ratio of 0.49 and a beta of 1.65.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported $13.01 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $10.92. The business had revenue of $990.00 million during the quarter, compared to analysts' expectations of $1.05 billion. Visteon had a net margin of 12.29% and a return on equity of 57.45%. The business's revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 earnings per share. As a group, sell-side analysts forecast that Visteon Co. will post 8.68 EPS for the current year.

Visteon 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.