Adient $ADNT Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC increased its holdings in Adient by 38.1%, owning 226,173 shares worth $2.9 million after purchasing an additional 62,444 shares in the first quarter.
• Adient's stock has seen volatility, with a current market cap of $2.05 billion, experiencing a low of $10.04 and a high of $25.56 over the past year.
• Research analysts' ratings for Adient vary, with one rating it as a buy, while nine issued hold ratings, and two rated it as sell, with an average target price of $21.72.

Jump Financial LLC raised its stake in Adient (NYSE:ADNT - Free Report) by 38.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 226,173 shares of the company's stock after acquiring an additional 62,444 shares during the quarter. Jump Financial LLC owned approximately 0.27% of Adient worth $2,909,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in shares of Adient in the fourth quarter worth $25,000. Brooklyn Investment Group raised its holdings in shares of Adient by 23,600.0% in the first quarter. Brooklyn Investment Group now owns 2,133 shares of the company's stock worth $27,000 after acquiring an additional 2,124 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Adient by 157.5% in the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after acquiring an additional 1,367 shares during the last quarter. CWM LLC raised its holdings in shares of Adient by 91.4% in the first quarter. CWM LLC now owns 3,426 shares of the company's stock worth $44,000 after acquiring an additional 1,636 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Adient by 418.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,679 shares of the company's stock worth $60,000 after acquiring an additional 3,776 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Trading Down 1.0%

Shares of ADNT stock traded down $0.26 on Monday, reaching $24.82. 760,033 shares of the stock were exchanged, compared to its average volume of 1,209,802. The stock has a market cap of $2.02 billion, a P/E ratio of -9.37, a price-to-earnings-growth ratio of 0.82 and a beta of 1.76. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. Adient has a 1-year low of $10.04 and a 1-year high of $25.84. The firm has a 50 day moving average of $22.55 and a two-hundred day moving average of $17.34.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.56 billion. Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The company's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. On average, research analysts anticipate that Adient will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ADNT shares. Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a report on Friday, July 18th. UBS Group raised their price objective on Adient from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Barclays raised their price objective on Adient from $18.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Bank of America raised their price objective on Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a report on Monday, June 16th. Finally, Cfra Research upgraded Adient from a "moderate sell" rating to a "hold" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently 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.