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

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

Other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC boosted 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 last quarter. Invesco Ltd. boosted its holdings in shares of Adient by 22.0% in the 4th quarter. Invesco Ltd. now owns 1,414,041 shares of the company's stock valued at $24,364,000 after buying an additional 254,951 shares during the last quarter. Northern Trust Corp boosted 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 last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Adient by 13.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company's stock valued at $18,803,000 after buying an additional 127,826 shares during the last quarter. Finally, Lyrical Asset Management LP boosted its holdings in shares of Adient by 0.5% in the 4th quarter. Lyrical Asset Management LP now owns 1,020,869 shares of the company's stock valued at $17,590,000 after buying an additional 4,984 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Adient Stock Performance

Adient stock traded down $0.03 during mid-day trading on Friday, hitting $18.87. 2,630,400 shares of the company's stock traded hands, compared to its average volume of 1,452,748. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.90. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -5.90, a P/E/G ratio of 0.41 and a beta of 1.63. The firm has a 50 day simple moving average of $14.83 and a two-hundred day simple moving average of $15.55. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.59.

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

Analyst Ratings Changes

Several research firms have recently commented on ADNT. Bank of America increased their price objective on Adient from $15.00 to $17.50 and gave the company an "underperform" rating in a report on Monday, June 16th. Wall Street Zen downgraded Adient from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Citigroup started coverage on Adient in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 price objective for the company. Wells Fargo & Company raised their price target on Adient from $14.00 to $17.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Morgan Stanley cut their price target on Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, May 19th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat.com, Adient presently has a consensus rating of "Hold" and an average price target of $18.17.

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.