SG Americas Securities LLC Raises Stake in Adient plc (NYSE:ADNT)

SG Americas Securities LLC raised its stake in shares of Adient plc (NYSE:ADNT) by 26.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,593 shares of the company’s stock after buying an additional 13,452 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Adient worth $2,312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of Adient in the second quarter worth $27,000. Headlands Technologies LLC bought a new position in Adient in the 3rd quarter worth about $46,000. AM Squared Ltd purchased a new stake in shares of Adient in the 3rd quarter valued at about $106,000. Lazard Asset Management LLC bought a new stake in shares of Adient during the 2nd quarter valued at about $133,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Adient by 341.8% during the second quarter. PNC Financial Services Group Inc. now owns 5,160 shares of the company’s stock worth $198,000 after purchasing an additional 7,294 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Price Performance

Shares of NYSE:ADNT opened at $33.18 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.03 billion, a PE ratio of 14.81, a PEG ratio of 0.29 and a beta of 2.51. The company’s fifty day moving average is $34.11 and its 200 day moving average is $34.53. Adient plc has a 52 week low of $30.10 and a 52 week high of $46.51.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.16). The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Adient had a return on equity of 7.90% and a net margin of 1.39%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 EPS. Research analysts anticipate that Adient plc will post 2.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ADNT. Wells Fargo & Company dropped their target price on shares of Adient from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. TheStreet downgraded shares of Adient from a “b-” rating to a “c+” rating in a report on Tuesday, December 12th. Barclays reduced their target price on Adient from $47.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. dropped their price target on Adient from $41.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Adient currently has a consensus rating of “Hold” and a consensus target price of $43.33.

Insider Activity

In related news, EVP Heather M. Tiltmann sold 10,000 shares of Adient stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $33.68, for a total value of $336,800.00. Following the transaction, the executive vice president now directly owns 55,669 shares of the company’s stock, valued at $1,874,931.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.30% of the company’s stock.

Adient 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.