D. E. Shaw & Co. Inc. Raises Stock Position in Visteon Co. (NASDAQ:VC)

D. E. Shaw & Co. Inc. boosted its position in shares of Visteon Co. (NASDAQ:VC) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 322,450 shares of the company’s stock after purchasing an additional 1,148 shares during the quarter. D. E. Shaw & Co. Inc. owned about 1.17% of Visteon worth $34,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VC. Retirement Systems of Alabama lifted its position in shares of Visteon by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 34,923 shares of the company’s stock worth $4,107,000 after purchasing an additional 91 shares during the period. State of Michigan Retirement System boosted its position in Visteon by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 6,807 shares of the company’s stock valued at $801,000 after acquiring an additional 100 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Visteon by 70.8% in the 2nd quarter. Signaturefd LLC now owns 287 shares of the company’s stock valued at $31,000 after acquiring an additional 119 shares during the period. Parallel Advisors LLC raised its position in shares of Visteon by 98.6% in the 4th quarter. Parallel Advisors LLC now owns 286 shares of the company’s stock worth $36,000 after acquiring an additional 142 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of Visteon by 2.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 7,711 shares of the company’s stock worth $909,000 after purchasing an additional 171 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VC shares. Wells Fargo & Company upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $115.00 to $122.00 in a report on Friday, September 20th. Wolfe Research started coverage on shares of Visteon in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Citigroup reduced their price target on Visteon from $139.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. TD Cowen lowered their price objective on Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $120.00 target price (down from $137.00) on shares of Visteon in a research report on Friday, July 12th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.36.

Insider Transactions at Visteon

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of Visteon stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the completion of the transaction, the senior vice president now owns 5,988 shares of the company’s stock, valued at $669,039.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Visteon Trading Up 1.0 %

Shares of Visteon stock opened at $97.29 on Friday. The stock has a market cap of $2.69 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 0.47 and a beta of 1.46. The firm has a fifty day moving average price of $99.74 and a 200 day moving average price of $106.91. Visteon Co. has a 1 year low of $88.37 and a 1 year high of $142.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.85 and a quick ratio of 1.50.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.58. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. Equities research analysts predict that Visteon Co. will post 8.06 earnings per share for the current year.

Visteon 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.