Inspire Investing LLC Purchases Shares of 26,563 Adient $ADNT

Key Points

• Inspire Investing LLC invested approximately $342,000 in Adient by purchasing 26,563 shares in the first quarter of the year.
• Adient's most recent quarterly earnings report showed earnings per share of $0.45, which missed analysts' expectations of $0.47, despite revenue exceeding estimates at $3.74 billion.
• Research analysts have recently adjusted their price targets for Adient, with Barclays raising their target from $18.00 to $25.00, reflecting a generally positive outlook on the stock.

Inspire Investing LLC bought a new position in Adient (NYSE:ADNT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 26,563 shares of the company's stock, valued at approximately $342,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group boosted its stake in Adient by 23,600.0% during the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock valued at $27,000 after purchasing an additional 2,124 shares during the last quarter. GAMMA Investing LLC raised its holdings in 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 during the period. CWM LLC raised 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 purchasing an additional 1,636 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Adient by 418.2% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,679 shares of the company's stock worth $60,000 after purchasing an additional 3,776 shares during the period. Finally, Plato Investment Management Ltd bought a new stake in Adient during the first quarter valued at about $67,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Adient Stock Down 2.6%

Shares of ADNT traded down $0.65 during midday trading on Friday, hitting $24.57. 2,584,423 shares of the company's stock traded hands, compared to its average volume of 999,396. Adient has a 1 year low of $10.04 and a 1 year high of $25.84. The firm's fifty day moving average is $23.42 and its 200-day moving average is $18.09. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -9.27, a price-to-earnings-growth ratio of 0.96 and a beta of 1.76.

Adient (NYSE:ADNT - Get Free Report) last issued 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). 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 for the quarter, compared to analysts' expectations of $3.56 billion. During the same quarter in the prior year, the company posted $0.32 EPS. The business's revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ADNT shares. Morgan Stanley raised their price target on Adient from $16.00 to $17.00 and gave the company an "underweight" rating in a report on Tuesday, August 12th. Wall Street Zen raised Adient from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Stifel Nicolaus began coverage on Adient in a report on Thursday, August 21st. They issued a "buy" rating and a $27.00 target price on the stock. Wells Fargo & Company lifted their target price on Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Finally, Cfra Research upgraded Adient from a "moderate sell" rating to a "hold" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target 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.