SageView Advisory Group LLC Buys 10,251 Shares of Adient $ADNT

Key Points

• SageView Advisory Group LLC increased its holdings in Adient shares by 25.2%, acquiring a total of 50,912 shares valued at approximately $655,000.
• Multiple institutional investors, including Brooklyn Investment Group and Caitong International Asset Management Co. Ltd, have significantly boosted their positions in Adient during the first quarter, indicating strong institutional interest.
• Adient reported a missed earnings forecast with an EPS of $0.45, falling short of analysts' estimates of $0.47, despite a 7% year-over-year revenue increase to $3.74 billion.

SageView Advisory Group LLC grew its position in shares of Adient (NYSE:ADNT - Free Report) by 25.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,912 shares of the company's stock after buying an additional 10,251 shares during the period. SageView Advisory Group LLC owned about 0.06% of Adient worth $655,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ADNT. Point72 Hong Kong Ltd bought a new stake in shares of Adient in the 4th quarter worth approximately $25,000. Brooklyn Investment Group boosted its position in Adient by 23,600.0% during the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock valued at $27,000 after purchasing an additional 2,124 shares during the period. GAMMA Investing LLC boosted its position in Adient by 157.5% during the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock valued at $29,000 after purchasing an additional 1,367 shares during the period. CWM LLC boosted its position in Adient by 91.4% during the 1st quarter. CWM LLC now owns 3,426 shares of the company's stock valued at $44,000 after purchasing an additional 1,636 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Adient by 418.2% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,679 shares of the company's stock valued at $60,000 after purchasing an additional 3,776 shares during the period. Institutional investors own 92.44% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADNT. Bank of America boosted their price objective on Adient from $17.50 to $20.00 and gave the company an "underperform" rating in a research report on Wednesday, September 10th. Barclays lifted their target price on Adient from $18.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. UBS Group lifted their price target on Adient from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Stifel Nicolaus assumed coverage on Adient in a research note on Thursday, August 21st. They issued a "buy" rating and a $27.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $21.75.

Adient Stock Performance

ADNT traded up $0.79 on Wednesday, hitting $24.95. 146,822 shares of the stock traded hands, compared to its average volume of 1,392,291. Adient has a 52 week low of $10.04 and a 52 week high of $25.84. 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 firm has a market capitalization of $2.03 billion, a PE ratio of -9.40, a P/E/G ratio of 0.92 and a beta of 1.76. The business has a fifty day moving average price of $23.30 and a two-hundred day moving average price of $17.91.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm earned $0.32 earnings per share. The company's revenue was up .7% on a year-over-year basis. On average, research analysts predict that Adient will post 1.76 EPS for the current fiscal year.

Adient Company 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.