Squarepoint Ops LLC Sells 145,852 Shares of Visteon Corporation $VC

Squarepoint Ops LLC lowered its position in Visteon Corporation (NASDAQ:VC) by 87.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 20,526 shares of the company’s stock after selling 145,852 shares during the period. Squarepoint Ops LLC’s holdings in Visteon were worth $2,036,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VC. Oregon Public Employees Retirement Fund lifted its holdings in Visteon by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 5,582 shares of the company’s stock valued at $509,000 after purchasing an additional 100 shares during the last quarter. State of Michigan Retirement System boosted its position in Visteon by 3.1% during the first quarter. State of Michigan Retirement System now owns 6,607 shares of the company’s stock worth $602,000 after purchasing an additional 200 shares during the period. Versant Capital Management Inc increased its stake in shares of Visteon by 58.7% in the second quarter. Versant Capital Management Inc now owns 581 shares of the company’s stock worth $58,000 after purchasing an additional 215 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Visteon by 54.8% in the fourth quarter. Hantz Financial Services Inc. now owns 655 shares of the company’s stock worth $62,000 after purchasing an additional 232 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Visteon by 4.4% in the fourth quarter. ProShare Advisors LLC now owns 6,117 shares of the company’s stock valued at $582,000 after purchasing an additional 256 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Visteon Trading Down 0.9%

Shares of Visteon stock opened at $100.01 on Tuesday. The company’s 50-day moving average price is $104.02 and its 200-day moving average price is $103.81. The company has a current ratio of 1.78, a quick ratio of 1.45 and a debt-to-equity ratio of 0.17. Visteon Corporation has a 12-month low of $83.49 and a 12-month high of $128.15. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.65 and a beta of 1.30.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.30). The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. Visteon’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.39 EPS. On average, equities analysts expect that Visteon Corporation will post 8.41 earnings per share for the current fiscal year.

Visteon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st. Visteon’s payout ratio is 19.61%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VC. Wells Fargo & Company dropped their price target on shares of Visteon from $137.00 to $134.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Visteon from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Barclays raised shares of Visteon from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $115.00 to $145.00 in a report on Monday, June 22nd. Robert W. Baird restated a “neutral” rating and set a $121.00 target price on shares of Visteon in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised their price target on Visteon from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Visteon currently has an average rating of “Moderate Buy” and an average target price of $134.45.

Visteon Company Profile

Visteon Corporation (NASDAQ:VC) is a global automotive technology company that develops and supplies electronic products and software for vehicle manufacturers. Its solutions are designed to support the transition toward connected, digital and software-defined vehicles.

The company’s product portfolio includes digital instrument clusters, vehicle information displays, infotainment systems, cockpit domain controllers and connected-car technologies. Visteon also develops battery-management systems and other electronics used in electric and hybrid vehicles, as well as climate-control and thermal-management electronics for automotive applications.

Visteon was established in 2000 after being spun off from Ford Motor Company and is headquartered in Van Buren Township, Michigan.