20,415 Shares in Adient $ADNT Purchased by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP purchased 20,415 shares of Adient (NYSE:ADNT), valued at approximately $263,000, during the first quarter, signaling increased institutional interest in the company.
• The stock has received mixed analyst ratings, with a current consensus rating of "Hold" and a price target averaging $21.06, despite recent upgrades from several firms.
• Adient's shares recently traded at $23.61, reflecting a decrease of 1.4%, amid a mixed financial performance where it reported earnings below expectations while revenue surpassed forecasts.

Aigen Investment Management LP acquired a new stake in Adient (NYSE:ADNT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,415 shares of the company's stock, valued at approximately $263,000.

A number of other hedge funds also recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new position in Adient during the fourth quarter worth about $25,000. GAMMA Investing LLC increased its holdings in Adient by 157.5% in the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock valued at $29,000 after buying an additional 1,367 shares during the period. CWM LLC increased its holdings in Adient by 91.4% in the 1st quarter. CWM LLC now owns 3,426 shares of the company's stock valued at $44,000 after buying an additional 1,636 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Adient by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock valued at $47,000 after purchasing an additional 2,435 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Adient by 75.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,597 shares of the company's stock worth $72,000 after acquiring an additional 2,415 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Adient Stock Up 0.7%

Shares of ADNT traded up $0.16 during trading hours on Tuesday, reaching $23.22. 120,926 shares of the stock traded hands, compared to its average volume of 1,440,435. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $21.40 and a 200 day simple moving average of $16.81. Adient has a 52 week low of $10.04 and a 52 week high of $24.25. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -8.77, a PEG ratio of 0.79 and a beta of 1.72.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the previous year, the business earned $0.32 earnings per share. The firm's revenue for the quarter was up .7% on a year-over-year basis. On average, equities analysts forecast that Adient will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADNT. Wells Fargo & Company boosted their target price on shares of Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Cfra Research raised Adient from a "moderate sell" rating to a "hold" rating in a research note on Thursday, August 7th. Bank of America increased their target price on shares of Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a research note on Monday, June 16th. UBS Group increased their target price on shares of Adient from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Eight analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Adient presently has a consensus rating of "Reduce" and an average price target of $21.06.

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.