Vanguard Group Inc. Grows Stake in Adient $ADNT

Vanguard Group Inc. lifted its stake in shares of Adient (NYSE:ADNT) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,684,882 shares of the company’s stock after purchasing an additional 208,938 shares during the period. Vanguard Group Inc. owned about 5.98% of Adient worth $89,809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ADNT. Arrowstreet Capital Limited Partnership increased its stake in shares of Adient by 61.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,890,233 shares of the company’s stock worth $45,517,000 after purchasing an additional 718,538 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Adient by 5,271.0% during the fourth quarter. SG Americas Securities LLC now owns 419,531 shares of the company’s stock worth $8,042,000 after purchasing an additional 411,720 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Adient by 143.3% during the second quarter. AQR Capital Management LLC now owns 581,242 shares of the company’s stock worth $11,276,000 after purchasing an additional 342,329 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Adient by 8.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,215,764 shares of the company’s stock worth $101,517,000 after purchasing an additional 328,555 shares in the last quarter. Finally, Man Group plc boosted its position in Adient by 505.0% during the third quarter. Man Group plc now owns 296,040 shares of the company’s stock worth $7,129,000 after acquiring an additional 247,111 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

NYSE:ADNT opened at $22.08 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 0.43 and a beta of 1.48. The company’s 50-day moving average is $21.01 and its two-hundred day moving average is $21.28. Adient has a 1-year low of $14.55 and a 1-year high of $27.32.

Adient (NYSE:ADNT) last posted 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 company had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.62 billion. Adient had a net margin of 0.39% and a return on equity of 7.28%. Adient’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Analysts forecast that Adient will post 2.09 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on ADNT. Barclays boosted their price target on shares of Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday. UBS Group boosted their price target on shares of Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. lowered their price target on shares of Adient from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Wells Fargo & Company lowered their price target on shares of Adient from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Stifel Nicolaus set a $28.00 price target on shares of Adient in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Adient presently has a consensus rating of “Hold” and an average target price of $28.00.

About Adient

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.