California Public Employees Retirement System Has $7.07 Million Stake in Visteon Co. (NASDAQ:VC)

California Public Employees Retirement System cut its stake in shares of Visteon Co. (NASDAQ:VC) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,632 shares of the company’s stock after selling 1,269 shares during the quarter. California Public Employees Retirement System owned approximately 0.20% of Visteon worth $7,073,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VC. Fifth Third Bancorp raised its stake in Visteon by 3.0% during the third quarter. Fifth Third Bancorp now owns 2,988 shares of the company’s stock worth $413,000 after buying an additional 86 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Visteon by 1.9% in the third quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock valued at $706,000 after buying an additional 94 shares in the last quarter. Covestor Ltd grew its holdings in shares of Visteon by 105.7% during the third quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 111 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Visteon by 1.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 8,574 shares of the company’s stock worth $1,190,000 after acquiring an additional 140 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Visteon by 53.6% in the 4th quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VC. Guggenheim dropped their target price on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Bank of America dropped their price target on shares of Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. StockNews.com raised shares of Visteon from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $142.36.

Visteon Price Performance

Shares of NASDAQ VC opened at $114.72 on Friday. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 0.52 and a beta of 1.66. The stock has a fifty day simple moving average of $113.21 and a two-hundred day simple moving average of $117.88. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 0.28. Visteon Co. has a 1-year low of $105.19 and a 1-year high of $159.87.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.14). Visteon had a return on equity of 53.49% and a net margin of 12.60%. The firm had revenue of $933.00 million for the quarter, compared to the consensus estimate of $971.45 million. During the same quarter in the previous year, the company posted $1.25 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. Analysts anticipate that Visteon Co. will post 8.45 earnings per share 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.