Adient $ADNT Shares Purchased by Hotchkis & Wiley Capital Management LLC

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

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADNT. LPL Financial LLC acquired a new position in Adient during the 4th quarter valued at approximately $216,000. Wells Fargo & Company MN boosted its position in Adient by 14.3% during the 4th quarter. Wells Fargo & Company MN now owns 62,877 shares of the company's stock valued at $1,083,000 after purchasing an additional 7,881 shares during the period. Sterling Capital Management LLC boosted its position in 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 period. Mariner LLC boosted its position in Adient by 8.6% during the 4th quarter. Mariner LLC now owns 10,157 shares of the company's stock valued at $175,000 after purchasing an additional 801 shares during the period. Finally, Guggenheim Capital LLC boosted its position in Adient by 27.8% during the 4th quarter. Guggenheim Capital LLC now owns 15,614 shares of the company's stock valued at $269,000 after purchasing an additional 3,394 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ADNT. UBS Group boosted their price objective on Adient from $25.00 to $26.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Barclays raised their target price on Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Zacks Research cut Adient from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, Cfra Research upgraded Adient from a "moderate sell" rating to a "hold" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $21.72.

Adient Price Performance

ADNT traded down $0.66 during trading on Thursday, reaching $24.90. The stock had a trading volume of 547,578 shares, compared to its average volume of 1,427,508. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -9.39, a price-to-earnings-growth 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 has a 1-year low of $10.04 and a 1-year high of $25.84. The stock has a 50 day moving average of $22.19 and a two-hundred day moving average of $17.18.

Adient (NYSE:ADNT - Get Free Report) last released its 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). The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%.The business's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. 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.