GSA Capital Partners LLP Has $604,000 Stake in Adient (NYSE:ADNT)

Key Points

• GSA Capital Partners LLP has reduced its stake in Adient by 53.5%, selling 54,085 shares, resulting in ownership of 46,956 shares valued at $604,000.
• Institutional investors and hedge funds own 92.44% of Adient, reflecting significant interest in the company despite mixed analyst ratings.
• Adient's recent earnings report showed a projected EPS of 1.76 for the current fiscal year, with revenue of $3.61 billion, exceeding consensus estimates.

GSA Capital Partners LLP reduced its position in shares of Adient (NYSE:ADNT - Free Report) by 53.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,956 shares of the company's stock after selling 54,085 shares during the quarter. GSA Capital Partners LLP owned 0.06% of Adient worth $604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ADNT. JPMorgan Chase & Co. lifted its position in Adient by 96.5% in the 4th quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company's stock worth $13,828,000 after buying an additional 394,111 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Adient by 6.8% during the fourth quarter. Northern Trust Corp now owns 1,129,645 shares of the company's stock valued at $19,464,000 after purchasing an additional 72,077 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Adient in the first quarter worth about $1,036,000. Man Group plc acquired a new position in Adient during the 4th quarter valued at approximately $704,000. Finally, SG Americas Securities LLC purchased a new stake in Adient during the first quarter worth $601,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Adient Stock Down 1.4%

Shares of ADNT stock traded down $0.33 on Thursday, hitting $22.56. The stock had a trading volume of 835,674 shares, compared to its average volume of 1,457,756. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.90. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -7.05, a price-to-earnings-growth ratio of 0.79 and a beta of 1.72. Adient has a 12-month low of $10.04 and a 12-month high of $24.25. The business has a 50 day moving average of $20.24 and a 200 day moving average of $16.51.

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 1.86% and a positive return on equity of 7.70%. 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. As a group, analysts expect that Adient will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup started coverage on shares of Adient in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 target price on the stock. Wells Fargo & Company raised their price objective on Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday. Morgan Stanley lowered their target price on Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Bank of America boosted their target price on Adient from $15.00 to $17.50 and gave the company an "underperform" rating in a research note on Monday, June 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Adient currently has an average rating of "Hold" and an average target price of $20.94.

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.