Entropy Technologies LP Buys New Stake in Adient $ADNT

Key Points

• Entropy Technologies LP has acquired 10,724 shares of Adient, valued at approximately $138,000, signaling a new position for the investment firm in the company's stock.
• Several institutional investors have recently increased their positions in Adient, with 92.44% of the company's stock now held by these investors.
• Adient's stock has seen mixed ratings from analysts, with a consensus price target of $21.06 and has been rated with a mix of sell, hold, and buy ratings.

Entropy Technologies LP purchased a new stake in Adient (NYSE:ADNT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,724 shares of the company's stock, valued at approximately $138,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in Adient by 6.8% in the 4th quarter. Northern Trust Corp now owns 1,129,645 shares of the company's stock valued at $19,464,000 after acquiring an additional 72,077 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Adient in the 1st quarter valued at approximately $1,036,000. Man Group plc purchased a new stake in Adient in the 4th quarter valued at approximately $704,000. SG Americas Securities LLC purchased a new stake in Adient in the 1st quarter valued at approximately $601,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Adient by 105.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,035 shares of the company's stock valued at $6,358,000 after purchasing an additional 189,574 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Adient Price Performance

Shares of NYSE:ADNT traded up $0.4470 during trading on Thursday, hitting $23.5670. 1,218,650 shares of the stock were exchanged, compared to its average volume of 1,222,601. The company has a fifty day moving average price of $21.69 and a two-hundred day moving average price of $16.95. The company has a market cap of $1.91 billion, a PE ratio of -8.89, a P/E/G ratio of 0.77 and a beta of 1.72. 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 $24.25.

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 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 positive return on equity of 8.25% and a negative net margin of 1.53%.Adient's revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. On average, analysts forecast that Adient will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.