State of Alaska Department of Revenue Sells 345 Shares of Visteon Co. (NASDAQ:VC)

State of Alaska Department of Revenue lowered its holdings in shares of Visteon Co. (NASDAQ:VC) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,006 shares of the company’s stock after selling 345 shares during the quarter. State of Alaska Department of Revenue’s holdings in Visteon were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of VC. Covestor Ltd raised its holdings in Visteon by 105.7% in the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after acquiring an additional 111 shares during the period. Acadian Asset Management LLC bought a new position in Visteon in the 1st quarter worth $38,000. Rockefeller Capital Management L.P. raised its holdings in Visteon by 1,286.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 305 shares of the company’s stock worth $39,000 after acquiring an additional 283 shares during the period. Lazard Asset Management LLC bought a new position in Visteon in the 1st quarter worth $48,000. Finally, Itau Unibanco Holding S.A. bought a new position in Visteon in the 2nd quarter worth $63,000. Institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on VC shares. Bank of America dropped their target price on shares of Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Wells Fargo & Company lifted their target price on shares of Visteon from $101.00 to $106.00 and gave the stock an “underweight” rating in a report on Wednesday, February 21st. StockNews.com upgraded shares of Visteon from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $140.00 to $145.00 in a research report on Wednesday. Finally, Wolfe Research restated a “peer perform” rating on shares of Visteon in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.50.

Visteon Price Performance

Shares of Visteon stock opened at $108.87 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.74. The firm’s 50-day simple moving average is $115.62 and its 200-day simple moving average is $120.12. Visteon Co. has a twelve month low of $108.65 and a twelve month high of $159.87. The firm has a market cap of $2.99 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.65.

Visteon (NASDAQ:VC) last issued its earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, beating the consensus estimate of $2.09 by $10.92. Visteon had a net margin of 12.29% and a return on equity of 57.45%. The business had revenue of $990.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business earned $1.32 EPS. The firm’s revenue was down 7.0% on a year-over-year basis. As a group, research analysts expect that Visteon Co. will post 8.72 EPS 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.