Counterpoint Mutual Funds LLC Invests $840,000 in Adient $ADNT

Key Points

• Counterpoint Mutual Funds LLC invested approximately $840,000 in Adient by acquiring 43,179 shares during the 2nd quarter.
• Adient's recent earnings report showed an EPS of $0.45, which missed analysts' estimates of $0.47, despite revenue rising to $3.74 billion for the quarter.
• The majority of Adient's stock, about 92.44%, is owned by hedge funds and institutional investors, reflecting strong interest in the company's performance.

Counterpoint Mutual Funds LLC acquired a new position in Adient (NYSE:ADNT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,179 shares of the company's stock, valued at approximately $840,000. Counterpoint Mutual Funds LLC owned approximately 0.05% of Adient at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADNT. Brooklyn Investment Group increased its stake in shares of Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock worth $27,000 after purchasing an additional 2,124 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Adient by 157.5% in 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Adient by 991.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company's stock worth $42,000 after buying an additional 1,982 shares during the period. CWM LLC boosted its holdings in Adient by 91.4% in the 1st 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 period. Finally, Parallel Advisors LLC boosted its holdings in Adient by 13,957.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,671 shares of the company's stock worth $52,000 after buying an additional 2,652 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Adient Stock Down 0.2%

Shares of NYSE:ADNT opened at $24.54 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.15. Adient has a 12 month low of $10.04 and a 12 month high of $25.84. The company has a 50-day moving average price of $23.45 and a 200 day moving average price of $18.20. The company has a market cap of $1.99 billion, a price-to-earnings ratio of -9.26, a PEG ratio of 0.94 and a beta of 1.76.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 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 business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the previous year, the business posted $0.32 EPS. The firm's revenue was up .7% on a year-over-year basis. As a group, equities research analysts predict that Adient will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on ADNT. UBS Group upped their target price on shares of Adient from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Cfra Research raised shares of Adient from a "moderate sell" rating to a "hold" rating in a report on Thursday, August 7th. Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Morgan Stanley upped their target price 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, Wells Fargo & Company upped their target price on shares of Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $21.75.

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.

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