Renaissance Technologies LLC Increases Holdings in Visteon Co. (NASDAQ:VC)

Renaissance Technologies LLC boosted its stake in shares of Visteon Co. (NASDAQ:VC) by 146.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 128,300 shares of the company’s stock after buying an additional 76,200 shares during the period. Renaissance Technologies LLC owned 0.46% of Visteon worth $11,383,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its holdings in Visteon by 225.3% in the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock valued at $44,000 after acquiring an additional 347 shares during the last quarter. Signaturefd LLC increased its position in shares of Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock worth $61,000 after purchasing an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company’s stock valued at $105,000 after buying an additional 1,061 shares during the period. Nisa Investment Advisors LLC lifted its position in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock valued at $116,000 after buying an additional 754 shares during the last quarter. Finally, KBC Group NV boosted its stake in Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock worth $120,000 after buying an additional 450 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on VC shares. Royal Bank of Canada decreased their price objective on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Robert W. Baird lowered their price target on Visteon from $100.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday. TD Cowen began coverage on Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective on the stock. Wells Fargo & Company raised their target price on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, UBS Group reiterated a “neutral” rating and set a $76.00 price target (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $102.75.

Visteon Stock Performance

Shares of Visteon stock opened at $69.71 on Wednesday. The firm has a market capitalization of $1.89 billion, a P/E ratio of 7.11, a P/E/G ratio of 0.42 and a beta of 1.32. 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 52 week low of $65.10 and a 52 week high of $117.94. The firm’s 50 day moving average is $80.59 and its two-hundred day moving average is $86.45.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to analysts’ expectations of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Research analysts forecast that Visteon Co. will post 8.42 EPS 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.