Teacher Retirement System of Texas Has $2.53 Million Position in Visteon Co. (NASDAQ:VC)

Teacher Retirement System of Texas grew its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 120.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 28,557 shares of the company's stock after acquiring an additional 15,606 shares during the quarter. Teacher Retirement System of Texas owned about 0.10% of Visteon worth $2,534,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its stake in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after acquiring an additional 263 shares during the period. Nisa Investment Advisors LLC boosted its stake in Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after purchasing an additional 754 shares in the last quarter. KBC Group NV increased its position in shares of Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after purchasing an additional 450 shares during the period. Morse Asset Management Inc bought a new stake in shares of Visteon in the 3rd quarter worth $164,000. Finally, Entropy Technologies LP acquired a new stake in shares of Visteon in the fourth quarter valued at $214,000. Institutional investors own 99.71% of the company's stock.

Visteon Stock Down 1.8 %

Shares of Visteon stock traded down $1.42 during midday trading on Friday, hitting $78.35. The company's stock had a trading volume of 270,131 shares, compared to its average volume of 295,584. The firm has a market capitalization of $2.12 billion, a P/E ratio of 7.99, a PEG ratio of 0.42 and a beta of 1.39. Visteon Co. has a 1-year low of $75.75 and a 1-year high of $119.16. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $84.08 and a 200-day simple moving average of $88.48.

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Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. As a group, sell-side analysts expect that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

VC has been the subject of several research reports. Royal Bank of Canada decreased their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price objective on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Morgan Stanley dropped their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Barclays reduced their target price 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. Finally, TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 price target on the stock. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $117.25.

About Visteon

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.