Cwm LLC Acquires 37,870 Shares of Adient $ADNT

Cwm LLC raised its holdings in Adient (NYSE:ADNT - Free Report) by 1,105.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,296 shares of the company's stock after buying an additional 37,870 shares during the quarter. Cwm LLC's holdings in Adient were worth $804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Covestor Ltd grew its holdings in Adient by 15.2% in the 1st quarter. Covestor Ltd now owns 6,984 shares of the company's stock valued at $90,000 after buying an additional 922 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Adient by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,411 shares of the company's stock valued at $670,000 after buying an additional 1,204 shares during the last quarter. GAMMA Investing LLC grew its holdings in Adient by 157.5% in the 1st 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 last quarter. IFP Advisors Inc grew its holdings in Adient by 68.4% in the 2nd quarter. IFP Advisors Inc now owns 3,988 shares of the company's stock valued at $78,000 after buying an additional 1,620 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Adient by 544.4% in the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company's stock valued at $42,000 after buying an additional 1,802 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Adient Stock Down 0.4%

NYSE ADNT opened at $23.38 on Thursday. The stock has a fifty day moving average of $24.17 and a 200-day moving average of $19.70. The stock has a market capitalization of $1.90 billion, a P/E ratio of -8.82, a price-to-earnings-growth ratio of 0.80 and a beta of 1.77. Adient has a 52 week low of $10.04 and a 52 week high of $26.16. 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, May 31st. The company reported ($0.13) EPS for the quarter. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%.The company had revenue of $3.51 billion for the quarter. On average, equities research analysts forecast that Adient will post 1.76 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Zacks Research downgraded Adient from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Morgan Stanley raised their target price on Adient from $16.00 to $17.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 12th. Weiss Ratings restated a "sell (d)" rating on shares of Adient in a research note on Wednesday, October 8th. UBS Group raised their target price on Adient from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Monday, October 6th. Finally, Wall Street Zen upgraded Adient from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 18th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $24.00.

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.

Want to see what other hedge funds are holding ADNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adient (NYSE:ADNT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.