New York State Common Retirement Fund Cuts Stock Holdings in Visteon Co. (NASDAQ:VC)

New York State Common Retirement Fund lessened its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 22.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,900 shares of the company's stock after selling 7,066 shares during the period. New York State Common Retirement Fund owned 0.09% of Visteon worth $2,985,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of Visteon by 7.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,095,298 shares of the company's stock worth $151,228,000 after purchasing an additional 78,497 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of Visteon by 11.0% in the third quarter. Westfield Capital Management Co. LP now owns 664,137 shares of the company's stock valued at $91,697,000 after purchasing an additional 65,593 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Visteon by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 596,328 shares of the company's stock valued at $82,335,000 after acquiring an additional 19,296 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Visteon by 18.6% in the third quarter. Ameriprise Financial Inc. now owns 421,152 shares of the company's stock worth $58,148,000 after acquiring an additional 66,089 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in Visteon by 37.9% in the third quarter. TimesSquare Capital Management LLC now owns 359,450 shares of the company's stock valued at $49,629,000 after purchasing an additional 98,850 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Performance

Shares of NASDAQ:VC traded up $0.89 during trading on Tuesday, hitting $116.12. 224,586 shares of the stock were exchanged, compared to its average volume of 288,775. Visteon Co. has a 1-year low of $105.19 and a 1-year high of $159.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.37 and a current ratio of 1.74. The company's fifty day simple moving average is $113.21 and its 200-day simple moving average is $117.60. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 6.64, a price-to-earnings-growth ratio of 0.53 and a beta of 1.66.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.14). The firm had revenue of $933.00 million during the quarter, compared to the consensus estimate of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. The business's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. Sell-side analysts expect that Visteon Co. will post 8.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VC. Robert W. Baird cut their price objective on Visteon from $140.00 to $137.00 and set an "outperform" rating for the company in a report on Friday, April 26th. Guggenheim lowered their price objective on shares of Visteon from $136.00 to $126.00 and set a "buy" rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reduced their target price on shares of Visteon from $146.00 to $145.00 and set a "neutral" rating for the company in a report on Monday, April 22nd. Bank of America cut their price objective on Visteon from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Thursday, February 29th. Finally, Barclays upgraded Visteon from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $142.36.

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.