Jump Financial LLC Raises Holdings in Adient $ADNT

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 lifted its stake in Adient (NYSE:ADNT - Free Report) by 38.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,173 shares of the company's stock after acquiring an additional 62,444 shares during the period. Jump Financial LLC owned 0.27% of Adient worth $2,909,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC raised its position in shares of Adient by 22.4% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 4,500,736 shares of the company's stock worth $57,879,000 after acquiring an additional 823,638 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Adient by 7.5% in the 1st quarter. Pzena Investment Management LLC now owns 3,901,573 shares of the company's stock worth $50,174,000 after acquiring an additional 272,121 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Adient by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company's stock worth $44,820,000 after acquiring an additional 53,101 shares in the last quarter. HITE Hedge Asset Management LLC raised its position in shares of Adient by 184.2% in the 1st quarter. HITE Hedge Asset Management LLC now owns 2,320,103 shares of the company's stock worth $29,837,000 after acquiring an additional 1,503,817 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Adient by 14.2% in the 1st quarter. Invesco Ltd. now owns 1,615,317 shares of the company's stock worth $20,773,000 after acquiring an additional 201,276 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Adient Stock Performance

Shares of ADNT stock traded down $0.26 during mid-day trading on Friday, reaching $24.82. The stock had a trading volume of 760,033 shares, compared to its average volume of 1,246,491. The business's fifty day moving average is $22.44 and its 200-day moving average is $17.29. 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 firm has a market cap of $2.02 billion, a price-to-earnings ratio of -9.37, a PEG ratio of 0.83 and a beta of 1.72. Adient has a 1-year low of $10.04 and a 1-year high of $25.84.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.74 billion during 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 firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. On average, research analysts forecast that Adient will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Zacks Research lowered Adient from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Morgan Stanley upped their target price on Adient from $16.00 to $17.00 and gave the company an "underweight" rating in a research report on Tuesday, August 12th. Barclays upped their target price on Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Finally, Cfra Research raised 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, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price 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.