Teachers Retirement System of The State of Kentucky Cuts Stake in Visteon Co. (NASDAQ:VC)

Teachers Retirement System of The State of Kentucky decreased its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 61.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,867 shares of the company's stock after selling 15,915 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Visteon were worth $875,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Visteon by 58.8% in the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock valued at $128,468,000 after purchasing an additional 536,073 shares during the period. Norges Bank acquired a new position in shares of Visteon in the fourth quarter valued at approximately $29,468,000. Dimensional Fund Advisors LP increased its position in shares of Visteon by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock worth $74,886,000 after acquiring an additional 124,897 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Visteon during the fourth quarter worth $10,170,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Visteon by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company's stock worth $60,841,000 after acquiring an additional 88,288 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays reiterated an "equal weight" rating and set a $82.00 target price (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Wells Fargo & Company boosted their target price on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Royal Bank of Canada reduced their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. UBS Group reaffirmed a "neutral" rating and set a $76.00 price target (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, Morgan Stanley cut their price objective on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $100.67.

Visteon Trading Up 0.6 %

VC stock traded up $0.50 during trading on Friday, hitting $79.89. The company had a trading volume of 248,796 shares, compared to its average volume of 305,616. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.18 billion, a PE ratio of 8.14, a PEG ratio of 0.42 and a beta of 1.32. The business has a 50-day moving average of $78.33 and a 200-day moving average of $85.02. Visteon Co. has a one year low of $65.10 and a one year high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.70. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $906.38 million. During the same period in the prior year, the business earned $1.61 EPS. The firm's revenue for the quarter was up .1% on a year-over-year basis. Research analysts predict that Visteon Co. will post 8.42 earnings per share for the current fiscal 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.