GAMMA Investing LLC Buys 27,874 Shares of Adient (NYSE:ADNT)

GAMMA Investing LLC lifted its holdings in shares of Adient (NYSE:ADNT - Free Report) by 3,211.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,742 shares of the company's stock after purchasing an additional 27,874 shares during the quarter. GAMMA Investing LLC's holdings in Adient were worth $370,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd increased its position in shares of Adient by 10.6% during the 4th quarter. Covestor Ltd now owns 6,062 shares of the company's stock valued at $104,000 after purchasing an additional 580 shares during the last quarter. Mariner LLC boosted its position in Adient by 8.6% during the fourth quarter. Mariner LLC now owns 10,157 shares of the company's stock valued at $175,000 after buying an additional 801 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Adient during the fourth quarter valued at about $25,000. Oarsman Capital Inc. increased its holdings in shares of Adient by 98.7% in the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock worth $51,000 after buying an additional 1,473 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Adient by 6,924.2% in the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after acquiring an additional 2,285 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Trading Up 2.4%

Shares of NYSE ADNT traded up $0.45 during midday trading on Tuesday, hitting $19.40. 888,499 shares of the company traded hands, compared to its average volume of 1,449,784. Adient has a 12-month low of $10.04 and a 12-month high of $26.59. The firm has a market cap of $1.63 billion, a P/E ratio of -6.06, a P/E/G ratio of 0.41 and a beta of 1.63. The stock has a 50-day moving average price of $14.99 and a 200 day moving average price of $15.55. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.11.

Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.33. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. Adient had a positive return on equity of 7.70% and a negative net margin of 1.86%. The business's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. As a group, analysts expect that Adient will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group lifted their price target on Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Morgan Stanley cut their target price on shares of Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. Barclays lowered shares of Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. Bank of America raised their price target on shares of Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a report on Monday, June 16th. Finally, Citigroup initiated coverage on shares of Adient in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price objective for the company. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $18.17.

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.