Public Employees Retirement System of Ohio Sells 204 Shares of Visteon Co. (NASDAQ:VC)

Public Employees Retirement System of Ohio lowered its position in shares of Visteon Co. (NASDAQ:VC) by 30.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 475 shares of the company’s stock after selling 204 shares during the period. Public Employees Retirement System of Ohio’s holdings in Visteon were worth $66,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its position in shares of Visteon by 51.5% during the 1st quarter. Wellington Management Group LLP now owns 2,453,735 shares of the company’s stock valued at $267,776,000 after purchasing an additional 834,079 shares in the last quarter. Norges Bank bought a new stake in shares of Visteon during the fourth quarter valued at approximately $38,169,000. Morgan Stanley boosted its stake in Visteon by 40.1% during the 4th quarter. Morgan Stanley now owns 734,690 shares of the company’s stock valued at $96,120,000 after purchasing an additional 210,114 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Visteon by 729.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 235,841 shares of the company’s stock worth $36,988,000 after buying an additional 207,400 shares in the last quarter. Finally, Cartenna Capital LP purchased a new stake in Visteon in the 2nd quarter valued at $28,004,000. 99.71% of the stock is currently owned by institutional investors.

Visteon Stock Performance

Shares of VC opened at $117.61 on Friday. Visteon Co. has a 12-month low of $108.65 and a 12-month high of $159.91. The company has a market cap of $3.23 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 0.51 and a beta of 1.64. The company has a current ratio of 1.74, a quick ratio of 1.42 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $116.64 and a 200-day moving average price of $122.09.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $10.92. The business had revenue of $990.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Visteon had a return on equity of 57.45% and a net margin of 12.29%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the business posted $1.32 earnings per share. As a group, equities analysts forecast that Visteon Co. will post 8.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays dropped their price target on Visteon from $158.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Wells Fargo & Company increased their price target on shares of Visteon from $101.00 to $106.00 and gave the company an “underweight” rating in a research report on Wednesday, February 21st. Wolfe Research reaffirmed a “peer perform” rating on shares of Visteon in a research report on Thursday, January 4th. Royal Bank of Canada reduced their target price on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a research report on Thursday, March 7th. Finally, UBS Group raised Visteon from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $143.00 to $145.00 in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $146.00.

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.