Louisiana State Employees Retirement System Invests $974,000 in Visteon Co. (NASDAQ:VC)

Louisiana State Employees Retirement System purchased a new position in shares of Visteon Co. (NASDAQ:VC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,800 shares of the company’s stock, valued at approximately $974,000.

A number of other hedge funds also recently modified their holdings of VC. Covestor Ltd raised its stake 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 last quarter. Headlands Technologies LLC raised its stake in Visteon by 38.3% during the third quarter. Headlands Technologies LLC now owns 1,256 shares of the company’s stock worth $173,000 after buying an additional 348 shares during the last quarter. Pathstone Family Office LLC bought a new position in Visteon during the third quarter worth $234,000. Teza Capital Management LLC bought a new position in Visteon during the third quarter worth $236,000. Finally, Exchange Traded Concepts LLC raised its stake in Visteon by 20.0% during the third quarter. Exchange Traded Concepts LLC now owns 1,825 shares of the company’s stock worth $252,000 after buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. Guggenheim decreased their price target on shares of Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Bank of America decreased their price target on shares of Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. UBS Group raised shares of Visteon from a “neutral” rating to a “buy” rating and lifted their price target for the company from $143.00 to $145.00 in a research note on Wednesday, January 17th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Visteon in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $142.70.

Visteon Trading Up 1.2 %

NASDAQ:VC opened at $111.14 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.42. The firm has a 50-day moving average of $113.99 and a 200-day moving average of $118.65. The company has a market cap of $3.06 billion, a PE ratio of 6.47, a PEG ratio of 0.49 and a beta of 1.65. Visteon Co. has a one year low of $105.76 and a one year high of $159.87.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, topping 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 analysts’ expectations of $1.05 billion. During the same period in the previous year, the company earned $1.32 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, equities research analysts expect that Visteon Co. will post 8.68 EPS for the current fiscal 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.