Retirement Systems of Alabama Cuts Stake in Visteon Co. (NASDAQ:VC)

Retirement Systems of Alabama reduced its position in Visteon Co. (NASDAQ:VC) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,832 shares of the company’s stock after selling 378 shares during the period. Retirement Systems of Alabama’s holdings in Visteon were worth $4,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its stake in shares of Visteon by 3.0% during the 3rd quarter. Fifth Third Bancorp now owns 2,988 shares of the company’s stock worth $413,000 after purchasing an additional 86 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Visteon by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock valued at $706,000 after buying an additional 94 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Visteon by 105.7% in the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 111 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Visteon by 1.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,574 shares of the company’s stock valued at $1,190,000 after buying an additional 140 shares in the last quarter. Finally, CWM LLC grew its position in shares of Visteon by 53.6% in the 4th quarter. CWM LLC now owns 401 shares of the company’s stock worth $50,000 after buying an additional 140 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors.

Visteon Trading Up 0.4 %

Shares of Visteon stock opened at $115.23 on Tuesday. The stock has a market cap of $3.18 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.53 and a beta of 1.66. The firm has a fifty day moving average price of $113.21 and a 200 day moving average price of $117.60. Visteon Co. has a 1 year low of $105.19 and a 1 year high of $159.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). Visteon had a net margin of 12.60% and a return on equity of 53.49%. The company had revenue of $933.00 million for the quarter, compared to analysts’ expectations of $971.45 million. During the same quarter in the previous year, the business posted $1.25 EPS. The business’s quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts predict that Visteon Co. will post 8.45 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on VC. Bank of America lowered their target price 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. Royal Bank of Canada lowered their price objective on Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Robert W. Baird reduced their target price on Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. JPMorgan Chase & Co. lowered their price target on Visteon from $146.00 to $145.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Finally, UBS Group upgraded shares of Visteon from a “neutral” rating to a “buy” rating and upped their price objective for the company from $143.00 to $145.00 in a report on Wednesday, January 17th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Visteon presently has a consensus rating of “Moderate Buy” and an average price target of $142.36.

About Visteon

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.