Campbell & CO Investment Adviser LLC Purchases 105,463 Shares of Adient $ADNT

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its holdings in Adient by acquiring an additional 105,463 shares, raising its total ownership to 129,505 shares and boosting their stake by 438.7%.
• Several large investors, including Wells Fargo & Company and Guggenheim Capital LLC, have also increased their stakes in Adient, indicating growing institutional interest in the company.
• Analysts have varied price targets for Adient, with Barclays updating their target from $18.00 to $25.00, while the consensus rating remains at "Reduce" with an average price target of $21.72.

Campbell & CO Investment Adviser LLC increased its position in Adient (NYSE:ADNT - Free Report) by 438.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,505 shares of the company's stock after buying an additional 105,463 shares during the period. Campbell & CO Investment Adviser LLC owned 0.15% of Adient worth $1,665,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in Adient in the fourth quarter worth approximately $25,000. Brooklyn Investment Group increased its holdings in Adient by 23,600.0% in the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock worth $27,000 after buying an additional 2,124 shares during the last quarter. GAMMA Investing LLC increased its holdings in Adient by 157.5% in the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after buying an additional 1,367 shares during the last quarter. CWM LLC increased its holdings in Adient by 91.4% in the first quarter. CWM LLC now owns 3,426 shares of the company's stock worth $44,000 after buying an additional 1,636 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Adient by 418.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,679 shares of the company's stock worth $60,000 after buying an additional 3,776 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ADNT shares. Bank of America increased their price objective on Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a report on Monday, June 16th. Wells Fargo & Company upped their target price on Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Cfra Research raised Adient from a "moderate sell" rating to a "hold" rating in a research report on Thursday, August 7th. Wall Street Zen raised Adient from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, UBS Group upped their target price on Adient from $25.00 to $26.00 and gave the stock a "neutral" 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $21.72.

Adient Stock Performance

Shares of ADNT traded down $0.26 during mid-day trading on Friday, hitting $24.82. The company's stock had a trading volume of 760,033 shares, compared to its average volume of 1,427,520. Adient has a one year low of $10.04 and a one year high of $25.84. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 1.12. The firm has a market capitalization of $2.02 billion, a PE ratio of -9.37, a price-to-earnings-growth ratio of 0.85 and a beta of 1.72. The stock's 50-day moving average is $22.32 and its two-hundred day moving average is $17.24.

Adient (NYSE:ADNT - Get Free Report) last issued 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). The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 billion. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%.The firm's revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business earned $0.32 earnings per share. As a group, sell-side analysts anticipate that Adient will post 1.76 EPS for the current 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.