Squarepoint Ops LLC Has $4.39 Million Position in Adient $ADNT

Squarepoint Ops LLC grew its holdings in Adient (NYSE:ADNT) by 558.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,612 shares of the company’s stock after purchasing an additional 191,341 shares during the quarter. Squarepoint Ops LLC owned about 0.28% of Adient worth $4,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brooklyn Investment Group grew its stake in Adient by 23,600.0% during the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock worth $27,000 after purchasing an additional 2,124 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Adient by 544.4% during the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock worth $42,000 after buying an additional 1,802 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Adient by 991.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock worth $42,000 after buying an additional 1,982 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Adient by 13,957.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,671 shares of the company’s stock worth $52,000 after buying an additional 2,652 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Adient in the 2nd quarter valued at $63,000. Institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total transaction of $49,275.00. Following the transaction, the executive vice president directly owned 116,425 shares in the company, valued at approximately $2,294,736.75. This trade represents a 2.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.

Adient Stock Down 0.1%

Shares of NYSE ADNT opened at $18.80 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.12 and a quick ratio of 0.93. The company has a 50-day moving average price of $21.05 and a 200-day moving average price of $21.77. The stock has a market capitalization of $1.49 billion, a P/E ratio of -5.63, a P/E/G ratio of 0.62 and a beta of 1.63. Adient has a 1 year low of $10.04 and a 1 year high of $26.16.

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

Wall Street Analysts Forecast Growth

ADNT has been the topic of several research analyst reports. UBS Group cut their target price on shares of Adient from $28.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Bank of America upped their price objective on shares of Adient from $17.50 to $20.00 and gave the company an “underperform” rating in a report on Wednesday, September 10th. Morgan Stanley raised shares of Adient from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $17.00 to $20.00 in a research report on Monday, December 8th. Barclays reduced their target price on Adient from $27.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Finally, Stifel Nicolaus dropped their price target on Adient from $29.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.06.

About Adient

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.