Thrivent Financial for Lutherans raised its holdings in shares of Visteon Co. (NASDAQ:VC – Get Rating) by 163.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,071 shares of the company’s stock after acquiring an additional 27,993 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.16% of Visteon worth $5,897,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the company. California Public Employees Retirement System raised its stake in shares of Visteon by 4.9% during the 4th quarter. California Public Employees Retirement System now owns 64,649 shares of the company’s stock worth $8,458,000 after buying an additional 3,047 shares in the last quarter. Swiss National Bank increased its position in Visteon by 1.8% during the fourth quarter. Swiss National Bank now owns 67,900 shares of the company’s stock worth $8,883,000 after buying an additional 1,200 shares in the last quarter. Russell Investments Group Ltd. increased its position in Visteon by 1,451.8% during the fourth quarter. Russell Investments Group Ltd. now owns 7,759 shares of the company’s stock worth $1,016,000 after buying an additional 7,259 shares in the last quarter. Arizona State Retirement System increased its position in Visteon by 3.9% during the fourth quarter. Arizona State Retirement System now owns 7,935 shares of the company’s stock worth $1,038,000 after buying an additional 296 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Visteon by 2.0% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 7,406 shares of the company’s stock worth $969,000 after buying an additional 148 shares in the last quarter.
Visteon Stock Performance
VC opened at $134.59 on Friday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 28.33 and a beta of 1.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 1.35. Visteon Co. has a 1-year low of $94.71 and a 1-year high of $171.66. The business has a 50 day moving average price of $144.74 and a two-hundred day moving average price of $148.80.
Insider Buying and Selling at Visteon
In other Visteon news, SVP Kristin Trecker sold 2,050 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $159.01, for a total value of $325,970.50. Following the transaction, the senior vice president now owns 6,084 shares of the company’s stock, valued at $967,416.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on VC. Royal Bank of Canada raised their price objective on Visteon from $169.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, March 8th. Morgan Stanley raised their price objective on Visteon from $135.00 to $145.00 and gave the company an “equal weight” rating in a research report on Thursday, March 9th. The Goldman Sachs Group lifted their target price on Visteon from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. Citigroup dropped their target price on Visteon from $165.00 to $159.00 in a research report on Monday, May 1st. Finally, Cowen lifted their target price on Visteon from $164.00 to $195.00 in a research report on Friday, February 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.42.
About Visteon
Visteon Corp. is a global technology company, which engages in the design, engineering, and manufacture of electronics products, automotive vehicles, and supplies automotive parts. It operates through the Americas, Europe, China, and Other Asia Pacific geographical segments. The Americas segment includes the United States and Mexico.
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