Millennium Management LLC Sells 177,688 Shares of Visteon Co. (NASDAQ:VC)

Millennium Management LLC trimmed its position in Visteon Co. (NASDAQ:VC - Free Report) by 44.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 219,432 shares of the company's stock after selling 177,688 shares during the period. Millennium Management LLC owned about 0.79% of Visteon worth $19,468,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Visteon by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock worth $258,106,000 after purchasing an additional 16,442 shares in the last quarter. American Century Companies Inc. grew its position in Visteon by 58.8% in the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock worth $128,468,000 after purchasing an additional 536,073 shares in the last quarter. Invesco Ltd. grew its position in Visteon by 5.6% in the 4th quarter. Invesco Ltd. now owns 1,184,511 shares of the company's stock worth $105,090,000 after purchasing an additional 62,610 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Visteon by 5.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock worth $80,621,000 after purchasing an additional 45,058 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Visteon by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock worth $74,886,000 after purchasing an additional 124,897 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on VC shares. UBS Group reiterated a "neutral" rating and issued a $76.00 target price (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. TD Cowen started coverage on shares of Visteon in a research note on Friday, March 7th. They issued a "buy" rating and a $108.00 target price on the stock. The Goldman Sachs Group reiterated a "neutral" rating and issued a $74.00 target price (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Wells Fargo & Company boosted their target price on shares of Visteon from $96.00 to $101.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, Morgan Stanley dropped their target price on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $96.25.

Visteon Stock Performance

Shares of VC stock traded up $2.90 during trading on Tuesday, reaching $85.91. 180,578 shares of the company's stock traded hands, compared to its average volume of 312,727. The company has a market capitalization of $2.34 billion, a P/E ratio of 8.76, a PEG ratio of 0.42 and a beta of 1.23. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The firm's 50-day moving average is $78.47 and its 200 day moving average is $84.19. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.70. The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Visteon's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 EPS. Equities research analysts expect that Visteon Co. will post 8.42 EPS for the current year.

About Visteon

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.