Renaissance Technologies LLC Has $8.62 Million Stock Holdings in Visteon Co. (NASDAQ:VC)

Renaissance Technologies LLC lessened its position in Visteon Co. (NASDAQ:VC) by 32.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,800 shares of the company’s stock after selling 39,705 shares during the period. Renaissance Technologies LLC owned about 0.29% of Visteon worth $8,621,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in VC. Signaturefd LLC boosted its stake in Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company’s stock worth $31,000 after purchasing an additional 119 shares in the last quarter. Parallel Advisors LLC lifted its position in Visteon by 98.6% during the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after buying an additional 142 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Visteon during the 1st quarter worth about $48,000. Quadrant Capital Group LLC increased its position in Visteon by 76.7% in the 4th quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after acquiring an additional 178 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Visteon in the second quarter worth about $59,000. Institutional investors own 99.71% of the company’s stock.

Insider Transactions at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $111.73, for a total value of $431,166.07. Following the sale, the senior vice president now owns 5,988 shares of the company’s stock, valued at approximately $669,039.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VC shares. Morgan Stanley decreased their price target on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. JPMorgan Chase & Co. lowered their target price on Visteon from $144.00 to $135.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $115.00 to $122.00 in a research report on Friday, September 20th. Baird R W cut Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Finally, Wolfe Research initiated coverage on Visteon in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.36.

Visteon Price Performance

VC opened at $96.79 on Wednesday. The stock has a market cap of $2.67 billion, a P/E ratio of 5.53, a P/E/G ratio of 0.44 and a beta of 1.46. Visteon Co. has a 12 month low of $88.37 and a 12 month high of $142.20. The company has a quick ratio of 1.50, a current ratio of 1.85 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $101.07 and a 200 day simple moving average of $107.42.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.58. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.18 earnings per share. Visteon’s revenue was up 3.2% compared to the same quarter last year. On average, research analysts expect that Visteon Co. will post 8.06 EPS for the current 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.