GSA Capital Partners LLP Sells 54,085 Shares of 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 decreased its stake in shares of Adient (NYSE:ADNT - Free Report) by 53.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 46,956 shares of the company's stock after selling 54,085 shares during the period. GSA Capital Partners LLP owned 0.06% of Adient worth $604,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new stake in Adient during the fourth quarter worth approximately $25,000. GAMMA Investing LLC increased its stake in shares of Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after purchasing an additional 1,367 shares during the period. CWM LLC lifted its holdings in Adient by 91.4% during the 1st quarter. CWM LLC now owns 3,426 shares of the company's stock worth $44,000 after purchasing an additional 1,636 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Adient by 803.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock valued at $47,000 after purchasing an additional 2,435 shares during the period. Finally, Oarsman Capital Inc. grew its holdings in Adient by 98.7% in the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after buying an additional 1,473 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ADNT. Citigroup began coverage on Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 target price for the company. Morgan Stanley dropped their price objective on shares of Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Adient from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Bank of America raised their target price on shares of Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a report on Monday, June 16th. Finally, UBS Group boosted their price target on Adient from $15.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Two investment 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, the company currently has an average rating of "Hold" and an average target price of $20.06.

Adient Price Performance

Shares of NYSE:ADNT opened at $21.40 on Monday. The firm has a 50 day moving average of $19.81 and a 200-day moving average of $16.40. Adient has a 12 month low of $10.04 and a 12 month high of $24.27. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $1.80 billion, a PE ratio of -6.69, a PEG ratio of 0.76 and a beta of 1.72.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.36 by $0.33. Adient had a negative net margin of 1.86% and a positive return on equity of 7.70%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The company's revenue was down 3.7% on a year-over-year basis. On average, equities research analysts predict 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.

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