California Public Employees Retirement System Has $4.74 Million Holdings in Visteon Co. (NASDAQ:VC)

California Public Employees Retirement System trimmed its position in Visteon Co. (NASDAQ:VC - Free Report) by 9.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 53,447 shares of the company's stock after selling 5,703 shares during the period. California Public Employees Retirement System owned about 0.19% of Visteon worth $4,742,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC increased its position in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock valued at $105,000 after purchasing an additional 1,061 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after buying an additional 754 shares during the period. KBC Group NV raised 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 worth $120,000 after buying an additional 450 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in Visteon in the third quarter valued at approximately $164,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group reaffirmed a "neutral" rating and set a $76.00 target price (down previously from $114.00) on shares of Visteon in a report on Thursday. Wells Fargo & Company upped their price objective on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Morgan Stanley decreased their target price on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group reiterated a "neutral" rating and issued a $74.00 price target (down from $103.00) on shares of Visteon in a research report on Thursday. Finally, Barclays decreased their price objective on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Visteon presently has a consensus rating of "Hold" and a consensus price target of $108.75.

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Visteon Stock Up 1.2 %

VC traded up $0.80 during trading on Monday, reaching $68.91. 12,973 shares of the stock were exchanged, compared to its average volume of 356,992. The stock has a market cap of $1.87 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock's 50 day moving average price is $81.08 and its two-hundred day moving average price is $86.75. Visteon Co. has a twelve month low of $65.10 and a twelve month high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Equities analysts expect 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.