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

Louisiana State Employees Retirement System purchased a new stake in shares of Visteon Co. (NASDAQ:VC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,800 shares of the company’s stock, valued at approximately $974,000.

Several other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in shares of Visteon by 3.0% in the 3rd quarter. Fifth Third Bancorp now owns 2,988 shares of the company’s stock worth $413,000 after acquiring an additional 86 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Visteon by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company’s stock worth $706,000 after acquiring an additional 94 shares during the last quarter. Covestor Ltd grew its holdings in shares of Visteon by 105.7% in the 3rd quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after acquiring an additional 111 shares during the last quarter. DekaBank Deutsche Girozentrale grew 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 worth $1,190,000 after acquiring an additional 140 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Visteon by 1.9% in the third quarter. Arizona State Retirement System now owns 8,072 shares of the company’s stock worth $1,115,000 after buying an additional 154 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Trading Up 1.2 %

Visteon stock opened at $111.14 on Thursday. 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 business’s 50-day simple moving average is $113.99 and its 200-day simple moving average is $118.65. The firm has a market capitalization 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 52 week low of $105.76 and a 52 week high of $159.87.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $13.01 EPS 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 for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company posted $1.32 earnings per share. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities research analysts forecast that Visteon Co. will post 8.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Royal Bank of Canada decreased their target price on Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Bank of America decreased their target price on Visteon from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Wolfe Research reissued a “peer perform” rating on shares of Visteon in a research report on Thursday, January 4th. Guggenheim reduced their price objective on Visteon from $136.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, Barclays raised Visteon from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Visteon has an average rating of “Moderate Buy” and an average price target of $142.70.

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.