Visteon Co. (NASDAQ:VC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in shares of Visteon Co. (NASDAQ:VC) by 22.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in Visteon by 105.7% during the third quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after buying an additional 111 shares during the period. CWM LLC increased its position in Visteon by 53.6% during the fourth quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after purchasing an additional 140 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new position in Visteon during the fourth quarter worth approximately $59,000. Headlands Technologies LLC boosted its holdings in shares of Visteon by 38.3% in the 3rd quarter. Headlands Technologies LLC now owns 1,256 shares of the company’s stock valued at $173,000 after purchasing an additional 348 shares during the last quarter. Finally, Pathstone Family Office LLC purchased a new stake in shares of Visteon during the 3rd quarter valued at $234,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VC. Robert W. Baird reduced their target price on Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Bank of America dropped their target price on shares of Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Royal Bank of Canada reduced their price target on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a research report on Thursday, March 7th. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Finally, Guggenheim reduced their target price on shares of Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.36.

Visteon Price Performance

Shares of NASDAQ VC opened at $115.23 on Tuesday. The business has a 50 day moving average price of $113.21 and a two-hundred day moving average price of $117.60. Visteon Co. has a fifty-two week low of $105.19 and a fifty-two week high of $159.87. The firm has a market cap of $3.18 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.53 and a beta of 1.66. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28.

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