Thrivent Financial for Lutherans Decreases Position in Visteon Corporation $VC

Thrivent Financial for Lutherans decreased its position in shares of Visteon Corporation (NASDAQ:VC) by 51.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,634 shares of the company’s stock after selling 14,399 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Visteon were worth $1,634,000 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. American Century Companies Inc. boosted its stake in Visteon by 28.6% during the 2nd quarter. American Century Companies Inc. now owns 2,222,551 shares of the company’s stock valued at $207,364,000 after purchasing an additional 494,820 shares during the last quarter. State Street Corp lifted its holdings in shares of Visteon by 3.1% during the second quarter. State Street Corp now owns 1,107,091 shares of the company’s stock valued at $103,292,000 after purchasing an additional 33,155 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Visteon by 2.1% during the second quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock valued at $65,316,000 after buying an additional 14,662 shares during the last quarter. AQR Capital Management LLC increased its holdings in Visteon by 62.4% in the 2nd quarter. AQR Capital Management LLC now owns 297,829 shares of the company’s stock worth $27,787,000 after buying an additional 114,470 shares in the last quarter. Finally, Systematic Financial Management LP increased its holdings in Visteon by 1.1% in the 2nd quarter. Systematic Financial Management LP now owns 285,193 shares of the company’s stock worth $26,609,000 after buying an additional 3,242 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Down 3.3%

VC opened at $98.30 on Friday. The firm’s 50 day simple moving average is $97.93 and its two-hundred day simple moving average is $108.95. The company has a market capitalization of $2.68 billion, a PE ratio of 8.83 and a beta of 1.16. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $129.10. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

VC has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Visteon from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Wells Fargo & Company dropped their target price on shares of Visteon from $151.00 to $148.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Wolfe Research lowered shares of Visteon from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 12th. The Goldman Sachs Group set a $120.00 price target on Visteon in a research note on Thursday, January 15th. Finally, Zacks Research lowered Visteon from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $127.15.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.