State Board of Administration of Florida Retirement System Purchases 148 Shares of Visteon Co. (NASDAQ:VC)

State Board of Administration of Florida Retirement System boosted its position in Visteon Co. (NASDAQ:VC – Get Rating) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,406 shares of the company’s stock after acquiring an additional 148 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Visteon were worth $969,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Visteon by 20.6% during the 1st quarter. American Century Companies Inc. now owns 5,135 shares of the company’s stock valued at $561,000 after purchasing an additional 877 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Visteon by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock valued at $328,000 after purchasing an additional 117 shares in the last quarter. AlphaCrest Capital Management LLC boosted its stake in shares of Visteon by 28.4% during the 1st quarter. AlphaCrest Capital Management LLC now owns 4,003 shares of the company’s stock valued at $437,000 after purchasing an additional 885 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Visteon by 11.3% during the 1st quarter. Bank of Montreal Can now owns 2,774 shares of the company’s stock valued at $311,000 after purchasing an additional 282 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of Visteon during the 1st quarter valued at about $38,000.

Insider Transactions at Visteon

In other news, SVP Kristin Trecker sold 2,050 shares of Visteon stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $159.01, for a total value of $325,970.50. Following the completion of the sale, the senior vice president now directly owns 6,084 shares in the company, valued at $967,416.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Visteon Stock Down 2.1 %

Shares of Visteon stock opened at $132.27 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.35 and a current ratio of 1.73. The stock has a market capitalization of $3.75 billion, a PE ratio of 27.85 and a beta of 1.79. Visteon Co. has a 52-week low of $94.71 and a 52-week high of $171.66. The company has a 50-day simple moving average of $144.03 and a two-hundred day simple moving average of $148.67.

Visteon (NASDAQ:VC – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.15). Visteon had a return on equity of 21.99% and a net margin of 3.48%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $954.96 million. On average, analysts anticipate that Visteon Co. will post 6.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VC shares. The Goldman Sachs Group lifted their target price on shares of Visteon from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, February 17th. Royal Bank of Canada lifted their price target on shares of Visteon from $169.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, March 8th. Morgan Stanley lifted their price target on shares of Visteon from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Thursday, March 9th. Wells Fargo & Company lifted their price target on shares of Visteon from $126.00 to $127.00 in a research report on Friday, April 28th. Finally, StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Visteon presently has an average rating of “Hold” and a consensus target price of $157.42.

About Visteon

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Visteon Corp. is a global technology company, which engages in the design, engineering, and manufacture of electronics products, automotive vehicles, and supplies automotive parts. It operates through the Americas, Europe, China, and Other Asia Pacific geographical segments. The Americas segment includes the United States and Mexico.