Adient $ADNT Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in shares of Adient (NYSE:ADNT - Free Report) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 525,657 shares of the company's stock after buying an additional 57,364 shares during the quarter. Allianz Asset Management GmbH owned 0.63% of Adient worth $10,229,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC grew its stake in Adient by 22.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 4,500,736 shares of the company's stock worth $57,879,000 after buying an additional 823,638 shares during the period. Pzena Investment Management LLC grew its stake in Adient by 7.0% during the second quarter. Pzena Investment Management LLC now owns 4,174,493 shares of the company's stock worth $81,236,000 after buying an additional 272,920 shares during the period. Vanguard Group Inc. grew its stake in Adient by 1.5% during the first quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company's stock worth $44,820,000 after buying an additional 53,101 shares during the period. HITE Hedge Asset Management LLC grew its stake in Adient by 184.2% during the first quarter. HITE Hedge Asset Management LLC now owns 2,320,103 shares of the company's stock worth $29,837,000 after buying an additional 1,503,817 shares during the period. Finally, Invesco Ltd. grew its stake in Adient by 14.2% during the first quarter. Invesco Ltd. now owns 1,615,317 shares of the company's stock worth $20,773,000 after buying an additional 201,276 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Adient Stock Up 1.3%

Shares of NYSE:ADNT opened at $23.53 on Wednesday. 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 company has a fifty day simple moving average of $24.18 and a 200 day simple moving average of $19.68. The firm has a market cap of $1.91 billion, a PE ratio of -8.88, a price-to-earnings-growth ratio of 0.83 and a beta of 1.77. Adient has a 12-month low of $10.04 and a 12-month high of $26.16.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. The company had revenue of $3.51 billion for the quarter. Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. On average, equities research analysts anticipate that Adient will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADNT has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of Adient from $27.00 to $29.00 and gave the stock a "buy" rating in a research note on Monday. Weiss Ratings reiterated a "sell (d)" rating on shares of Adient in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Adient from $22.00 to $26.00 and gave the company a "neutral" rating in a research note on Monday. Wells Fargo & Company upgraded shares of Adient from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $24.00 to $31.00 in a research note on Thursday, September 25th. Finally, Bank of America upped their target price on shares of Adient from $17.50 to $20.00 and gave the company an "underperform" rating in a research note on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $24.00.

About Adient

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.

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