Adient $ADNT Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in shares of Adient (NYSE:ADNT) by 89.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 325,443 shares of the company’s stock after purchasing an additional 153,483 shares during the quarter. Sei Investments Co.’s holdings in Adient were worth $6,577,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Cetera Investment Advisers increased its stake in Adient by 21.6% in the first quarter. Cetera Investment Advisers now owns 15,321 shares of the company’s stock valued at $310,000 after purchasing an additional 2,725 shares during the last quarter. First Trust Advisors LP boosted its stake in Adient by 72.2% in the 1st quarter. First Trust Advisors LP now owns 45,940 shares of the company’s stock worth $928,000 after buying an additional 19,256 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Adient by 10.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,538 shares of the company’s stock valued at $152,000 after buying an additional 705 shares during the period. Dimensional Fund Advisors LP grew its holdings in Adient by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,384,904 shares of the company’s stock valued at $88,614,000 after buying an additional 211,843 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Adient by 19.4% during the 1st quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after acquiring an additional 517 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $22.71, for a total value of $499,620.00. Following the transaction, the executive vice president owned 110,886 shares in the company, valued at $2,518,221.06. The trade was a 16.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ADNT shares. BNP Paribas Exane upgraded shares of Adient from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Weiss Ratings raised shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. decreased their price target on shares of Adient from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Finally, Stifel Nicolaus lowered their price objective on shares of Adient from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $27.90.

Adient Trading Down 0.2%

ADNT opened at $20.99 on Tuesday. The firm’s 50 day moving average is $20.84 and its 200-day moving average is $21.62. Adient has a 52-week low of $17.68 and a 52-week high of $27.32. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $1.65 billion, a P/E ratio of 29.56, a P/E/G ratio of 0.41 and a beta of 1.52.

Adient (NYSE:ADNT) last announced its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. The business had revenue of $3.87 billion during 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 business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Analysts expect that Adient will post 2.13 EPS for the current fiscal year.

Adient 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.