Thrivent Financial for Lutherans Sells 182 Shares of Visteon Co. (NASDAQ:VC)

Thrivent Financial for Lutherans lowered its position in shares of Visteon Co. (NASDAQ:VC) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,162 shares of the company’s stock after selling 182 shares during the period. Thrivent Financial for Lutherans’ holdings in Visteon were worth $682,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its stake in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after buying an additional 119 shares during the last quarter. Mather Group LLC. purchased a new stake in Visteon during the 2nd quarter valued at $59,000. KBC Group NV raised its stake in Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after buying an additional 247 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Visteon during the 2nd quarter valued at $89,000. Finally, nVerses Capital LLC raised its stake in Visteon by 22.2% during the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after buying an additional 200 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

Shares of NASDAQ:VC opened at $95.76 on Thursday. The firm has a market cap of $2.64 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 0.45 and a beta of 1.44. The firm’s 50 day simple moving average is $92.20 and its 200-day simple moving average is $99.78. Visteon Co. has a one year low of $86.27 and a one year high of $131.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. The business had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.35 earnings per share. As a group, equities analysts predict that Visteon Co. will post 8.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. Wells Fargo & Company raised shares of Visteon from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $115.00 to $122.00 in a report on Friday, September 20th. Morgan Stanley dropped their target price on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th. Royal Bank of Canada dropped their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Barclays dropped their target price on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Visteon presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.57.

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.