Adient $ADNT Shares Purchased by Campbell & CO Investment Adviser LLC

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 lifted its position in shares of Adient (NYSE:ADNT - Free Report) by 438.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,505 shares of the company's stock after buying an additional 105,463 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.15% of Adient worth $1,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ADNT. Point72 Hong Kong Ltd purchased a new stake in shares of Adient during the fourth quarter worth about $25,000. Brooklyn Investment Group grew its holdings in shares of Adient by 23,600.0% during 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 in the last quarter. GAMMA Investing LLC grew its holdings in shares of Adient by 157.5% during 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 in the last quarter. CWM LLC grew its holdings in shares of Adient by 91.4% during 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings 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 worth $60,000 after buying an additional 3,776 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ADNT. Zacks Research downgraded shares of Adient from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. UBS Group raised their target price on shares of Adient from $25.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Cfra Research raised shares of Adient from a "moderate sell" rating to a "hold" rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Stifel Nicolaus started coverage on shares of Adient in a research report on Thursday, August 21st. They issued a "buy" rating and a $27.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $21.72.

Adient Trading Down 1.0%

Shares of ADNT traded down $0.26 during mid-day trading on Friday, hitting $24.82. The company had a trading volume of 760,033 shares, compared to its average volume of 1,209,802. The stock has a market cap of $2.02 billion, a PE ratio of -9.37, a P/E/G ratio of 0.82 and a beta of 1.76. 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 business's 50-day simple moving average is $22.44 and its 200-day simple moving average is $17.29.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly 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 business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.56 billion. Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The company's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. Sell-side analysts forecast that Adient will post 1.76 earnings per share for the current year.

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.