Adient $ADNT Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in Adient (NYSE:ADNT – Free Report) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,684,882 shares of the company’s stock after purchasing an additional 208,938 shares during the quarter. Vanguard Group Inc. owned 0.06% of Adient worth $89,809,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ADNT. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Adient by 61.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock worth $45,517,000 after acquiring an additional 718,538 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Adient by 5,271.0% in the 4th quarter. SG Americas Securities LLC now owns 419,531 shares of the company’s stock worth $8,042,000 after acquiring an additional 411,720 shares during the last quarter. AQR Capital Management LLC increased its stake in Adient by 143.3% during the 2nd quarter. AQR Capital Management LLC now owns 581,242 shares of the company’s stock worth $11,276,000 after buying an additional 342,329 shares during the period. Dimensional Fund Advisors LP increased its stake in Adient by 8.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,215,764 shares of the company’s stock worth $101,517,000 after buying an additional 328,555 shares during the period. Finally, Man Group plc increased its stake in Adient by 505.0% during the 3rd quarter. Man Group plc now owns 296,040 shares of the company’s stock worth $7,129,000 after buying an additional 247,111 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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Adient Trading Up 0.2%

Shares of NYSE:ADNT opened at $22.08 on Thursday. Adient has a 52 week low of $14.55 and a 52 week high of $27.32. The company’s 50 day moving average is $21.01 and its two-hundred day moving average is $21.28. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. The company has a market cap of $1.73 billion, a PE ratio of 31.10, a P/E/G ratio of 0.43 and a beta of 1.48.

Adient (NYSE:ADNT – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.62 billion. Adient had a net margin of 0.39% and a return on equity of 7.28%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS. Equities analysts predict that Adient will post 2.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ADNT shares. Wells Fargo & Company cut their target price on shares of Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. UBS Group increased their price objective on shares of Adient from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. dropped their price objective on shares of Adient from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $31.00 price objective on shares of Adient in a research report on Thursday, May 7th. Finally, Bank of America assumed coverage on shares of Adient in a research report on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.00.

View Our Latest Analysis on ADNT

Adient Profile

(Free Report)

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.

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