New York State Teachers Retirement System Decreases Stock Holdings in Visteon Co. (NASDAQ:VC)

New York State Teachers Retirement System trimmed its position in Visteon Co. (NASDAQ:VC) by 0.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,668 shares of the company’s stock after selling 132 shares during the period. New York State Teachers Retirement System’s holdings in Visteon were worth $2,207,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in VC. Wellington Management Group LLP increased its position in Visteon by 51.5% during the 1st quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company’s stock valued at $267,776,000 after purchasing an additional 834,079 shares during the period. Norges Bank purchased a new position in Visteon during the 4th quarter valued at $38,169,000. Morgan Stanley increased its position in Visteon by 40.1% during the 4th quarter. Morgan Stanley now owns 734,690 shares of the company’s stock valued at $96,120,000 after purchasing an additional 210,114 shares during the period. Price T Rowe Associates Inc. MD increased its position in Visteon by 729.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 235,841 shares of the company’s stock valued at $36,988,000 after purchasing an additional 207,400 shares during the period. Finally, TimesSquare Capital Management LLC increased its position in Visteon by 37.9% during the 3rd quarter. TimesSquare Capital Management LLC now owns 359,450 shares of the company’s stock valued at $49,629,000 after purchasing an additional 98,850 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VC shares. JPMorgan Chase & Co. dropped their target price on shares of Visteon from $160.00 to $148.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. 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. StockNews.com upgraded shares of Visteon from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Wolfe Research restated a “peer perform” rating on shares of Visteon in a report on Thursday, January 4th. Finally, Royal Bank of Canada dropped their target price on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.50.

Visteon Price Performance

Shares of NASDAQ:VC opened at $107.50 on Wednesday. Visteon Co. has a fifty-two week low of $106.87 and a fifty-two week high of $159.87. The business has a 50-day simple moving average of $115.19 and a two-hundred day simple moving average of $119.57. 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 has a market cap of $2.96 billion, a price-to-earnings ratio of 6.26, a price-to-earnings-growth ratio of 0.49 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, topping analysts’ consensus estimates of $2.09 by $10.92. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The business had revenue of $990.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $1.32 EPS. Visteon’s revenue was down 7.0% on a year-over-year basis. On average, analysts expect that Visteon Co. will post 8.72 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.