Squarepoint Ops LLC Sells 60,802 Shares of Visteon Co. (NASDAQ:VC)

Squarepoint Ops LLC reduced its stake in shares of Visteon Co. (NASDAQ:VC - Free Report) by 88.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,249 shares of the company's stock after selling 60,802 shares during the quarter. Squarepoint Ops LLC's holdings in Visteon were worth $732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VC. Charles Schwab Investment Management Inc. grew its position in Visteon by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock worth $32,526,000 after acquiring an additional 25,319 shares during the last quarter. Sei Investments Co. boosted its stake in Visteon by 93.2% in the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company's stock worth $13,095,000 after purchasing an additional 71,202 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Visteon by 2.7% during the fourth quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock worth $58,231,000 after purchasing an additional 17,526 shares during the last quarter. Royce & Associates LP increased its stake in shares of Visteon by 39.2% in the fourth quarter. Royce & Associates LP now owns 281,508 shares of the company's stock valued at $24,975,000 after buying an additional 79,294 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Visteon by 75.6% in the fourth quarter. Wells Fargo & Company MN now owns 17,786 shares of the company's stock valued at $1,578,000 after buying an additional 7,656 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VC. Guggenheim reduced their price target on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company boosted their target price on shares of Visteon from $96.00 to $101.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Morgan Stanley decreased their price target 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. Royal Bank of Canada lowered their price target on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Finally, TD Cowen assumed coverage on shares of Visteon in a research report on Friday, March 7th. They issued a "buy" rating and a $108.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $96.25.

Visteon Trading Up 1.0%

Shares of Visteon stock traded up $0.85 on Friday, hitting $83.52. 209,960 shares of the company's stock traded hands, compared to its average volume of 314,348. The firm's 50-day moving average price is $79.02 and its two-hundred day moving average price is $83.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The stock has a market capitalization of $2.28 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.42 and a beta of 1.19. Visteon Co. has a one year low of $65.10 and a one year high of $117.94.

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