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

Teachers Retirement System of The State of Kentucky lessened its holdings in Visteon Co. (NASDAQ:VC) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,782 shares of the company’s stock after selling 2,731 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Visteon were worth $2,456,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VC. American Century Companies Inc. raised its holdings in Visteon by 1,459.9% in the second quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock valued at $55,860,000 after acquiring an additional 489,959 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Visteon by 10.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock valued at $161,760,000 after purchasing an additional 137,264 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Visteon during the 3rd quarter worth $10,779,000. Millennium Management LLC grew its stake in shares of Visteon by 24.4% during the second quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after purchasing an additional 111,377 shares in the last quarter. Finally, Lodge Hill Capital LLC purchased a new position in Visteon in the second quarter valued at $11,204,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on VC. Wolfe Research started coverage on Visteon in a report on Thursday, September 5th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. decreased their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $124.00 price target on shares of Visteon in a research note on Tuesday, September 10th. StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research report on Sunday, November 3rd. Finally, Wells Fargo & Company raised shares of Visteon from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.38.

Visteon Price Performance

Shares of VC opened at $93.13 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. Visteon Co. has a fifty-two week low of $86.27 and a fifty-two week high of $131.70. The firm has a 50-day simple moving average of $92.10 and a 200-day simple moving average of $98.86. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period last year, the firm earned $2.35 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Visteon Co. will post 8.2 earnings per share for the current year.

Visteon Company 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.