Visteon Co. (NASDAQ:VC) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 146.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,300 shares of the company's stock after acquiring an additional 76,200 shares during the quarter. Renaissance Technologies LLC owned about 0.46% of Visteon worth $11,383,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. FMR LLC raised its stake in shares of Visteon by 89.3% in the 3rd quarter. FMR LLC now owns 3,354 shares of the company's stock valued at $319,000 after acquiring an additional 1,582 shares during the period. Morse Asset Management Inc acquired a new stake in shares of Visteon during the third quarter worth about $164,000. State Street Corp boosted its stake in shares of Visteon by 0.4% in the third quarter. State Street Corp now owns 1,024,865 shares of the company's stock valued at $97,608,000 after purchasing an additional 3,918 shares during the period. XTX Topco Ltd acquired a new position in shares of Visteon in the third quarter valued at approximately $230,000. Finally, Barclays PLC lifted its holdings in Visteon by 60.0% during the 3rd quarter. Barclays PLC now owns 63,716 shares of the company's stock worth $6,068,000 after buying an additional 23,893 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VC. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $74.00 price objective (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Morgan Stanley lowered their price objective on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. UBS Group reiterated a "neutral" rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Robert W. Baird dropped their price objective on shares of Visteon from $100.00 to $76.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Barclays reaffirmed an "equal weight" rating and set a $82.00 price objective (down from $110.00) on shares of Visteon in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $100.64.

Visteon Stock Performance

NASDAQ:VC traded up $1.10 during mid-day trading on Friday, reaching $71.81. 248,048 shares of the stock were exchanged, compared to its average volume of 305,817. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94. The company has a 50 day simple moving average of $80.03 and a 200-day simple moving average of $86.03. The stock has a market capitalization of $1.94 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Visteon Company 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.