Public Employees Retirement Association of Colorado Trims Stock Position in Visteon Co. (NASDAQ:VC)

Public Employees Retirement Association of Colorado decreased its stake in Visteon Co. (NASDAQ:VC) by 7.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,896 shares of the company’s stock after selling 228 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Visteon were worth $309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VC. Intech Investment Management LLC acquired a new stake in shares of Visteon during the 2nd quarter worth approximately $448,000. Inspire Investing LLC grew its position in Visteon by 8.2% during the second quarter. Inspire Investing LLC now owns 3,295 shares of the company’s stock valued at $352,000 after buying an additional 249 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Visteon by 39.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,153 shares of the company’s stock valued at $657,000 after buying an additional 1,726 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Visteon by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock worth $71,552,000 after acquiring an additional 83,840 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Visteon by 1.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 808,192 shares of the company’s stock worth $86,234,000 after acquiring an additional 8,941 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Price Performance

NASDAQ:VC opened at $97.29 on Friday. Visteon Co. has a one year low of $88.37 and a one year high of $142.20. The stock has a market cap of $2.69 billion, a PE ratio of 5.56, a P/E/G ratio of 0.47 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.50 and a current ratio of 1.85. The stock has a 50 day moving average price of $99.74 and a 200 day moving average price of $106.98.

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

Analyst Upgrades and Downgrades

VC has been the subject of several recent analyst reports. UBS Group cut their price target on Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. TD Cowen reduced their target price on Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Royal Bank of Canada dropped their price target on shares of Visteon from $144.00 to $129.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. The Goldman Sachs Group reduced their price objective on shares of Visteon from $161.00 to $133.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $115.00 to $122.00 in a research report on Friday, September 20th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Visteon currently has an average rating of “Moderate Buy” and an average price target of $130.36.

Insider Buying and Selling at Visteon

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

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.