Adient $ADNT Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Adient (NYSE:ADNT) by 27.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 59,329 shares of the company’s stock after buying an additional 12,595 shares during the quarter. SG Americas Securities LLC’s holdings in Adient were worth $1,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund boosted its holdings in Adient by 208.9% in the first quarter. New York State Common Retirement Fund now owns 81,471 shares of the company’s stock valued at $1,048,000 after acquiring an additional 55,100 shares during the last quarter. CWM LLC increased its stake in Adient by 91.4% during the first quarter. CWM LLC now owns 3,426 shares of the company’s stock worth $44,000 after acquiring an additional 1,636 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Adient in the 1st quarter worth about $6,022,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Adient in the 1st quarter valued at about $1,036,000. Finally, Federated Hermes Inc. lifted its stake in shares of Adient by 68,173.6% in the 1st quarter. Federated Hermes Inc. now owns 524,341 shares of the company’s stock valued at $6,743,000 after purchasing an additional 523,573 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Adient from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. cut their target price on shares of Adient from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Bank of America upped their price target on shares of Adient from $17.50 to $20.00 and gave the stock an “underperform” rating in a research report on Wednesday, September 10th. Barclays cut their price objective on Adient from $27.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Finally, UBS Group reduced their price objective on Adient from $28.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $22.69.

Adient Stock Up 6.6%

Shares of NYSE ADNT opened at $18.97 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.93 and a current ratio of 1.12. Adient has a 1 year low of $10.04 and a 1 year high of $26.16. The stock’s 50-day simple moving average is $22.83 and its 200-day simple moving average is $21.22. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -5.68, a PEG ratio of 0.58 and a beta of 1.87.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Wednesday, May 31st. The company reported ($0.13) earnings per share for the quarter. Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. The business had revenue of $3.51 billion for the quarter. As a group, equities analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Adient Company Profile

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.