Jefferies Financial Group Inc. acquired a new position in shares of Adient (NYSE:ADNT – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 96,414 shares of the company’s stock, valued at approximately $1,848,000. Jefferies Financial Group Inc. owned approximately 0.12% of Adient at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Adient by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 4,684,882 shares of the company’s stock valued at $89,809,000 after buying an additional 208,938 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Adient by 8.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,215,764 shares of the company’s stock valued at $101,517,000 after buying an additional 328,555 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Adient by 61.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock valued at $45,517,000 after buying an additional 718,538 shares during the last quarter. UBS Group AG increased its stake in Adient by 12.9% during the 4th quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock valued at $35,439,000 after purchasing an additional 210,758 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in Adient by 20.8% during the 3rd quarter. Bridgeway Capital Management LLC now owns 626,736 shares of the company’s stock valued at $15,092,000 after purchasing an additional 107,880 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.
Analysts Set New Price Targets
ADNT has been the subject of a number of analyst reports. Citigroup upgraded shares of Adient from a “neutral” rating to a “buy” rating and raised their price objective for the company from $30.00 to $33.00 in a research note on Wednesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Barclays raised their price objective on shares of Adient from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. UBS Group increased their target price on Adient from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company cut their target price on Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adient currently has an average rating of “Hold” and a consensus price target of $28.00.
Adient Price Performance
Shares of ADNT opened at $24.01 on Thursday. The firm has a market cap of $1.88 billion, a PE ratio of 33.82, a P/E/G ratio of 0.44 and a beta of 1.48. 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 firm has a fifty day simple moving average of $21.08 and a two-hundred day simple moving average of $21.19. Adient has a 1-year low of $14.89 and a 1-year high of $27.32.
Adient (NYSE:ADNT – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.62 billion. Adient had a net margin of 0.39% and a return on equity of 7.28%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. On average, equities analysts anticipate that Adient will post 2.09 EPS for the current year.
Adient Company Profile
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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