Teachers Retirement System of The State of Kentucky Has $3.49 Million Position in Visteon Co. (NASDAQ:VC)

Teachers Retirement System of The State of Kentucky trimmed its stake in Visteon Co. (NASDAQ:VC) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,630 shares of the company’s stock after selling 1,266 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.11% of Visteon worth $3,485,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VC. Cetera Advisors LLC acquired a new position in shares of Visteon during the first quarter worth approximately $263,000. Atria Investments Inc lifted its stake in shares of Visteon by 25.9% in the first quarter. Atria Investments Inc now owns 21,642 shares of the company’s stock valued at $2,545,000 after buying an additional 4,458 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Visteon by 29.4% during the first quarter. Tidal Investments LLC now owns 6,232 shares of the company’s stock valued at $733,000 after buying an additional 1,415 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of Visteon by 30.2% during the first quarter. Silvercrest Asset Management Group LLC now owns 70,353 shares of the company’s stock worth $8,274,000 after acquiring an additional 16,319 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Visteon in the 1st quarter worth about $583,000. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on VC. Guggenheim dropped their target price on shares of Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company lifted their price target on Visteon from $107.00 to $115.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. The Goldman Sachs Group reduced their price objective on Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Barclays upgraded 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. Finally, TD Cowen reduced their price target on shares of Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Visteon presently has an average rating of “Moderate Buy” and an average price target of $134.31.

Insider Activity at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the sale, the senior vice president now directly owns 5,988 shares in the company, valued at $669,039.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

Visteon Trading Down 7.0 %

NASDAQ VC traded down $7.87 during trading on Friday, hitting $104.37. 271,141 shares of the company’s stock traded hands, compared to its average volume of 336,054. The stock has a fifty day moving average of $108.25 and a two-hundred day moving average of $112.55. Visteon Co. has a 12-month low of $101.42 and a 12-month high of $159.06. The firm has a market cap of $2.88 billion, a P/E ratio of 5.96, a PEG ratio of 0.54 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, topping the consensus estimate of $1.96 by $0.58. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.01 billion. Visteon had a net margin of 13.79% and a return on equity of 51.69%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. As a group, sell-side analysts expect that Visteon Co. will post 8.06 EPS for the current 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.