State of Alaska Department of Revenue Has $306,000 Stake in Visteon Co. (NASDAQ:VC)

State of Alaska Department of Revenue lifted its stake in shares of Visteon Co. (NASDAQ:VC) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,221 shares of the company’s stock after purchasing an additional 215 shares during the period. State of Alaska Department of Revenue’s holdings in Visteon were worth $306,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Visteon by 1,459.9% during the second quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock worth $55,860,000 after buying an additional 489,959 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Visteon by 10.0% during the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock worth $161,760,000 after buying an additional 137,264 shares during the last quarter. Millennium Management LLC raised its stake in shares of Visteon by 24.4% during the second quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after buying an additional 111,377 shares during the last quarter. Lodge Hill Capital LLC bought a new stake in shares of Visteon during the second quarter worth approximately $11,204,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Visteon by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock worth $71,552,000 after buying an additional 83,840 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on VC. TD Cowen lowered their target price on shares of Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Wells Fargo & Company raised shares of Visteon from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $115.00 to $122.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. lowered their target price on shares of Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $124.00 target price on shares of Visteon in a research note on Tuesday, September 10th. Finally, StockNews.com downgraded shares of Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Visteon has a consensus rating of “Moderate Buy” and a consensus target price of $127.57.

Visteon Stock Performance

NASDAQ VC opened at $92.09 on Friday. The firm has a 50-day moving average of $93.10 and a 200-day moving average of $102.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. The stock has a market cap of $2.54 billion, a PE ratio of 5.00, a P/E/G ratio of 0.45 and a beta of 1.45. Visteon Co. has a 52-week low of $86.77 and a 52-week high of $131.70.

Visteon (NASDAQ:VC) last posted its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The company had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same quarter last year, the company posted $2.35 EPS. Visteon’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Visteon Co. will post 8.04 EPS 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.