California Public Employees Retirement System Sells 5,703 Shares of Visteon Co. (NASDAQ:VC)

California Public Employees Retirement System cut its stake in shares of Visteon Co. (NASDAQ:VC) by 9.6% during the 4th quarter, HoldingsChannel reports. The firm owned 53,447 shares of the company’s stock after selling 5,703 shares during the period. California Public Employees Retirement System’s holdings in Visteon were worth $4,742,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC grew its stake in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after buying an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock worth $105,000 after purchasing an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after purchasing an additional 754 shares during the last quarter. KBC Group NV boosted its stake in shares of Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after purchasing an additional 450 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in Visteon in the 3rd quarter valued at approximately $164,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VC. Morgan Stanley decreased their price target on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company raised their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Royal Bank of Canada reduced their price target on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Barclays cut their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.25.

Visteon Stock Performance

NASDAQ:VC opened at $67.26 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Visteon Co. has a twelve month low of $66.37 and a twelve month high of $117.94. The company has a fifty day moving average of $82.12 and a 200-day moving average of $87.45. The firm has a market capitalization of $1.82 billion, a P/E ratio of 6.86, a P/E/G ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating the consensus estimate of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. As a group, sell-side analysts anticipate that Visteon Co. will post 8.42 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.