Hotchkis & Wiley Capital Management LLC Has $57.88 Million Position in Adient $ADNT

Key Points

• Hotchkis & Wiley Capital Management LLC increased its holdings in Adient by 22.4%, now owning 4,500,736 shares valued at approximately $57.88 million.
• Adient's stock received various analyst rating adjustments, with Barclays raising its target price from $18.00 to $25.00 and Stifel Nicolaus issuing a "buy" rating with a target of $27.00.
• Despite a slightly higher revenue of $3.74 billion for the quarter, Adient reported earnings per share of $0.45, missing estimates of $0.47 by $0.02.

Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Adient (NYSE:ADNT - Free Report) by 22.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,500,736 shares of the company's stock after buying an additional 823,638 shares during the period. Hotchkis & Wiley Capital Management LLC owned 5.36% of Adient worth $57,879,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ADNT. Point72 Hong Kong Ltd bought a new stake in Adient in the fourth quarter valued at approximately $25,000. Brooklyn Investment Group increased its stake in Adient by 23,600.0% in the first 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 in the last quarter. GAMMA Investing LLC increased its stake in Adient by 157.5% in the first 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 in the last quarter. CWM LLC increased its stake in Adient by 91.4% in the first quarter. CWM LLC now owns 3,426 shares of the company's stock valued at $44,000 after purchasing an additional 1,636 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in Adient by 803.6% in the fourth 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 in the last quarter. Institutional investors own 92.44% of the company's stock.

Wall Street Analyst Weigh In

ADNT has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Adient from $18.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Cfra Research raised shares of Adient from a "moderate sell" rating to a "hold" rating in a research note on Thursday, August 7th. Barclays upped their target price on shares of Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Zacks Research downgraded shares of Adient from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, Bank of America increased their price objective on shares of Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a research report on Monday, June 16th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $21.72.

Adient Stock Up 1.6%

ADNT traded up $0.41 during trading hours on Wednesday, hitting $25.59. 1,201,835 shares of the company's stock were exchanged, compared to its average volume of 1,433,433. Adient has a 1-year low of $10.04 and a 1-year high of $25.84. The stock's 50-day moving average is $22.06 and its two-hundred day moving average is $17.12. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -9.66, a PEG ratio of 0.83 and a beta of 1.72. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.15.

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