79,417 Shares in Adient $ADNT Purchased by Algert Global LLC

Key Points

• Algert Global LLC invested approximately $1.02 million in Adient by purchasing 79,417 shares during the 1st quarter.
• Analysts have mixed views on Adient, with one buy rating, nine holds, and two sell ratings, reflecting an average price target of $21.72.
• Adient reported $0.45 EPS for the last quarter, missing estimates, despite a revenue increase to $3.74 billion, which exceeded expectations.

Algert Global LLC purchased a new position in shares of Adient (NYSE:ADNT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 79,417 shares of the company's stock, valued at approximately $1,021,000. Algert Global LLC owned 0.09% of Adient as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Adient in the 4th quarter valued at $25,000. GAMMA Investing LLC boosted its stake in Adient by 157.5% during the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after purchasing an additional 1,367 shares during the period. CWM LLC grew its position in Adient by 91.4% during the 1st quarter. CWM LLC now owns 3,426 shares of the company's stock worth $44,000 after purchasing an additional 1,636 shares during the last quarter. 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 during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Adient by 418.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,679 shares of the company's stock valued at $60,000 after buying an additional 3,776 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Price Performance

Shares of NYSE ADNT traded down $0.72 during midday trading on Thursday, hitting $24.84. The company had a trading volume of 262,448 shares, compared to its average volume of 1,425,474. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -9.37, a price-to-earnings-growth ratio of 0.83 and a beta of 1.72. Adient has a twelve month low of $10.04 and a twelve month high of $25.84. The business has a 50-day simple moving average of $22.19 and a two-hundred day simple moving average of $17.18. 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 issued its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (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 during the quarter, compared to analysts' expectations of $3.56 billion. During the same period last year, the business posted $0.32 earnings per share. The company's quarterly revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ADNT shares. Stifel Nicolaus began coverage on Adient in a report on Thursday, August 21st. They set a "buy" rating and a $27.00 price target on the stock. Bank of America boosted their target price on Adient from $15.00 to $17.50 and gave the company an "underperform" rating in a report on Monday, June 16th. Cfra Research upgraded Adient from a "moderate sell" rating to a "hold" rating in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of Adient from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, UBS Group boosted their price objective on shares of Adient from $25.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Adient currently has an average rating of "Reduce" and an average price target of $21.72.

Adient 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.