Adient $ADNT Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Adient (NYSE:ADNT - Free Report) by 14.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,774 shares of the company's stock after buying an additional 20,941 shares during the period. American Century Companies Inc. owned about 0.19% of Adient worth $2,080,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Adient during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC boosted its position in shares of Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock valued at $29,000 after buying an additional 1,367 shares during the period. CWM LLC boosted its position in shares of Adient by 91.4% during the first quarter. CWM LLC now owns 3,426 shares of the company's stock valued at $44,000 after buying an additional 1,636 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Adient by 418.2% during 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 period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Adient by 75.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,597 shares of the company's stock valued at $72,000 after buying an additional 2,415 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Adient Price Performance

Shares of ADNT stock traded up $0.13 during mid-day trading on Friday, hitting $24.58. 905,670 shares of the stock were exchanged, compared to its average volume of 1,051,566. The firm has a fifty day moving average of $22.94 and a 200 day moving average of $17.54. 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 52-week low of $10.04 and a 52-week high of $25.84. The company has a market cap of $2.00 billion, a PE ratio of -9.27, a price-to-earnings-growth ratio of 0.81 and a beta of 1.76.

Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (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 firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.56 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The company's revenue was up .7% compared to the same quarter last year. Research analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADNT has been the subject of a number of research reports. Barclays boosted their price target on Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Wells Fargo & Company boosted their price target on Adient from $18.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. UBS Group boosted their price target on Adient from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Morgan Stanley boosted their price target on Adient from $16.00 to $17.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. Finally, Stifel Nicolaus initiated coverage on Adient in a report on Thursday, August 21st. They issued a "buy" rating and a $27.00 price target for the company. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Adient has a consensus rating of "Reduce" and an average price target of $21.72.

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.