SG Americas Securities LLC Invests $601,000 in Adient (NYSE:ADNT)

SG Americas Securities LLC acquired a new position in shares of Adient (NYSE:ADNT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 46,734 shares of the company's stock, valued at approximately $601,000. SG Americas Securities LLC owned 0.06% of Adient as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Adient by 96.5% in the fourth quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company's stock valued at $13,828,000 after purchasing an additional 394,111 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Adient by 6.8% in the 4th quarter. Northern Trust Corp now owns 1,129,645 shares of the company's stock valued at $19,464,000 after buying an additional 72,077 shares during the period. Pzena Investment Management LLC grew its holdings in shares of Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock valued at $62,535,000 after buying an additional 803,961 shares during the period. Quantbot Technologies LP increased its position in shares of Adient by 263.6% in the 4th quarter. Quantbot Technologies LP now owns 80,294 shares of the company's stock valued at $1,383,000 after buying an additional 58,209 shares in the last quarter. Finally, Man Group plc acquired a new stake in Adient during the 4th quarter worth $704,000. Institutional investors own 92.44% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. 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. Barclays lowered Adient from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. UBS Group raised their target price on shares of Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley cut their price target on shares of Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Finally, Wells Fargo & Company upped their price target on shares of Adient from $14.00 to $17.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat.com, Adient presently has a consensus rating of "Hold" and a consensus price target of $18.17.

Adient Stock Down 0.3%

NYSE:ADNT traded down $0.05 during trading hours on Wednesday, reaching $19.36. 869,848 shares of the stock were exchanged, compared to its average volume of 1,453,353. The stock has a market cap of $1.63 billion, a PE ratio of -6.05, a PEG ratio of 0.41 and a beta of 1.64. Adient has a twelve month low of $10.04 and a twelve month high of $26.59. The firm has a 50 day moving average of $15.33 and a 200 day moving average of $15.60. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.90.

Adient (NYSE:ADNT - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.36 by $0.33. The business had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.39 billion. Adient had a negative net margin of 1.86% and a positive return on equity of 7.70%. The firm's revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, equities analysts expect that Adient will post 1.76 earnings per share for the current 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.