Trexquant Investment LP Has $3.19 Million Stock Position in Visteon Co. (NASDAQ:VC)

Trexquant Investment LP grew its stake in Visteon Co. (NASDAQ:VC) by 21.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,569 shares of the company’s stock after acquiring an additional 4,497 shares during the quarter. Trexquant Investment LP owned 0.09% of Visteon worth $3,194,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd lifted its holdings in shares of Visteon by 105.7% during the third quarter. Covestor Ltd now owns 216 shares of the company’s stock worth $30,000 after buying an additional 111 shares in the last quarter. CWM LLC boosted its holdings in Visteon by 53.6% in the fourth quarter. CWM LLC now owns 401 shares of the company’s stock valued at $50,000 after acquiring an additional 140 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Visteon by 76.7% in the fourth quarter. Quadrant Capital Group LLC now owns 410 shares of the company’s stock valued at $51,000 after acquiring an additional 178 shares during the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Visteon during the fourth quarter worth approximately $59,000. Finally, Headlands Technologies LLC raised its position in shares of Visteon by 38.3% during the third quarter. Headlands Technologies LLC now owns 1,256 shares of the company’s stock worth $173,000 after purchasing an additional 348 shares during the period. 99.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VC shares. Royal Bank of Canada reduced their price objective on Visteon from $188.00 to $146.00 and set an “outperform” rating for the company in a research note on Thursday, March 7th. Bank of America lowered their price target on Visteon from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Robert W. Baird lowered their price target on Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Guggenheim lowered their price target on Visteon from $136.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, Morgan Stanley decreased their price objective on Visteon from $145.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.75.

Visteon Trading Up 1.0 %

Shares of NASDAQ VC traded up $1.05 during trading on Friday, hitting $109.85. 166,170 shares of the company traded hands, compared to its average volume of 232,220. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $3.03 billion, a P/E ratio of 6.28, a P/E/G ratio of 0.50 and a beta of 1.66. The company has a 50-day moving average price of $112.97 and a 200-day moving average price of $117.01. Visteon Co. has a 1 year low of $105.19 and a 1 year high of $159.87.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.14). The company had revenue of $933.00 million during the quarter, compared to the consensus estimate of $971.45 million. Visteon had a return on equity of 53.49% and a net margin of 12.60%. Visteon’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 EPS. On average, equities analysts predict that Visteon Co. will post 8.49 EPS for the current 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.