Capital Fund Management S.A. Grows Position in Adient $ADNT

Key Points

• Capital Fund Management S.A. increased its stake in Adient by 376.0%, purchasing an additional 175,987 shares, bringing its total ownership to 222,795 shares.
• Adient's stock recently showed a performance increase of 5.4% and currently has a market capitalization of $2.02 billion with a price-to-earnings ratio of -9.38.
• Wall Street analysts have mixed views on Adient, with target prices ranging from $17.50 to $27.00 and a consensus rating of "Reduce".

Capital Fund Management S.A. lifted its stake in Adient (NYSE:ADNT - Free Report) by 376.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,795 shares of the company's stock after purchasing an additional 175,987 shares during the period. Capital Fund Management S.A. owned 0.27% of Adient worth $2,865,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. HITE Hedge Asset Management LLC raised its stake in Adient by 184.2% in the first quarter. HITE Hedge Asset Management LLC now owns 2,320,103 shares of the company's stock worth $29,837,000 after buying an additional 1,503,817 shares in the last quarter. Millennium Management LLC raised its position in shares of Adient by 2,039.0% in the 4th quarter. Millennium Management LLC now owns 610,312 shares of the company's stock worth $10,516,000 after acquiring an additional 581,779 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Adient by 68,173.6% in the 1st quarter. Federated Hermes Inc. now owns 524,341 shares of the company's stock worth $6,743,000 after acquiring an additional 523,573 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Adient in the 1st quarter valued at approximately $6,022,000. Finally, Nuveen LLC bought a new stake in shares of Adient during the first quarter valued at approximately $3,521,000. Institutional investors own 92.44% of the company's stock.

Analysts Set New Price Targets

ADNT has been the subject of a number of research reports. Wells Fargo & Company increased their price objective on Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. 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. Barclays lifted their price target on shares of Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Morgan Stanley upped their price objective on shares of Adient from $16.00 to $17.00 and gave the stock an "underweight" rating in a report on Tuesday, August 12th. Finally, Zacks Research downgraded shares of Adient from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. One 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 company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $21.72.

Adient Stock Down 1.0%

Shares of ADNT traded down $0.26 during trading hours on Friday, hitting $24.82. The company had a trading volume of 760,033 shares, compared to its average volume of 1,246,491. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of -9.37, a P/E/G ratio of 0.82 and a beta of 1.72. The firm has a fifty day moving average price of $22.44 and a 200-day moving average price of $17.29. Adient has a 52-week low of $10.04 and a 52-week 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.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $3.56 billion. Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The business's revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. On average, equities research analysts forecast that Adient will post 1.76 EPS for the current fiscal 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.