Teacher Retirement System of Texas Increases Stock Position in Visteon Co. (NASDAQ:VC)

Teacher Retirement System of Texas lifted its stake in Visteon Co. (NASDAQ:VC) by 120.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 28,557 shares of the company’s stock after purchasing an additional 15,606 shares during the period. Teacher Retirement System of Texas’ holdings in Visteon were worth $2,534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in VC. State Street Corp lifted its stake in shares of Visteon by 0.4% in the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company’s stock worth $97,608,000 after purchasing an additional 3,918 shares during the period. Geode Capital Management LLC increased its holdings in Visteon by 1.2% during the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock valued at $63,698,000 after buying an additional 7,743 shares during the last quarter. Bank of New York Mellon Corp raised its position in Visteon by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company’s stock worth $56,857,000 after acquiring an additional 12,900 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Visteon by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock worth $60,841,000 after acquiring an additional 88,288 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Visteon by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company’s stock valued at $32,526,000 after acquiring an additional 25,319 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on VC shares. TD Cowen started coverage on Visteon in a research report on Friday, March 7th. They set a “buy” rating and a $108.00 target price on the stock. Barclays lowered their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company raised their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Morgan Stanley dropped their price target on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, Royal Bank of Canada lowered their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.25.

Visteon Trading Up 2.8 %

Shares of VC stock opened at $84.36 on Thursday. The stock’s 50-day moving average price is $84.29 and its 200-day moving average price is $88.72. Visteon Co. has a 12-month low of $75.75 and a 12-month high of $119.16. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. Equities research analysts predict that Visteon Co. will post 8.42 EPS for the current fiscal 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.