Adient $ADNT Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in shares of Adient (NYSE:ADNT) by 17.2% during the first quarter, Holdings Channel.com reports. The firm owned 2,293,353 shares of the company’s stock after buying an additional 336,306 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Adient were worth $46,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ADNT. UBS Group AG raised its position in shares of 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 buying an additional 210,758 shares during the period. SG Americas Securities LLC increased its stake in Adient by 117.8% during the first quarter. SG Americas Securities LLC now owns 913,585 shares of the company’s stock worth $18,464,000 after acquiring an additional 494,054 shares during the last quarter. Principal Financial Group Inc. increased its stake in Adient by 18.8% during the first quarter. Principal Financial Group Inc. now owns 448,624 shares of the company’s stock worth $9,067,000 after acquiring an additional 71,055 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Adient in the fourth quarter valued at $777,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Adient in the 4th quarter valued at $1,848,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Adient Trading Up 1.7%

Shares of ADNT stock opened at $20.75 on Tuesday. Adient has a fifty-two week low of $17.68 and a fifty-two week high of $27.32. The company has a 50 day moving average price of $20.78 and a 200 day moving average price of $21.59. The stock has a market capitalization of $1.63 billion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 0.39 and a beta of 1.53. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.44 by $0.08. Adient had a net margin of 0.39% and a return on equity of 7.28%. The business had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that Adient will post 2.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the sale, the executive vice president owned 110,886 shares in the company, valued at $2,518,221.06. This represents a 16.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.94% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ADNT. Weiss Ratings raised Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. UBS Group increased their target price on shares of Adient from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Stifel Nicolaus dropped their price target on shares of Adient from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Wells Fargo & Company boosted their price target on shares of Adient from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.11.

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.