Adient $ADNT Shares Acquired by SageView Advisory Group LLC

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 lifted its holdings in shares of Adient (NYSE:ADNT - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,912 shares of the company's stock after buying an additional 10,251 shares during the period. SageView Advisory Group LLC owned approximately 0.06% of Adient worth $655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in shares of Adient during the fourth quarter worth approximately $25,000. Brooklyn Investment Group boosted its position in shares of Adient by 23,600.0% during the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock worth $27,000 after buying an additional 2,124 shares during the period. GAMMA Investing LLC boosted its position in shares of Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after buying an additional 1,367 shares during the period. CWM LLC boosted its position in shares of Adient by 91.4% during the first quarter. CWM LLC now owns 3,426 shares of the company's stock worth $44,000 after buying an additional 1,636 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Adient by 418.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,679 shares of the company's stock worth $60,000 after buying an additional 3,776 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADNT has been the subject of several analyst reports. Wells Fargo & Company boosted their price objective on Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Cfra Research upgraded Adient from a "moderate sell" rating to a "hold" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Zacks Research downgraded Adient from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, Bank of America upped their target price on Adient from $17.50 to $20.00 and gave the stock an "underperform" rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $21.75.

Adient Price Performance

Shares of NYSE:ADNT opened at $24.60 on Friday. Adient has a one year low of $10.04 and a one year high of $25.84. The stock has a fifty day moving average of $23.18 and a 200-day moving average of $17.73. The company has a market capitalization of $2.00 billion, a PE ratio of -9.28, a price-to-earnings-growth ratio of 0.79 and a beta of 1.76. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 1.12.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 EPS 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 company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the company posted $0.32 EPS. Adient's revenue was up .7% on a year-over-year basis. As a group, equities analysts anticipate 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.

Want to see what other hedge funds are holding ADNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adient (NYSE:ADNT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.