Teacher Retirement System of Texas Takes Position in Adient (NYSE:ADNT)

Teacher Retirement System of Texas purchased a new position in shares of Adient (NYSE:ADNT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,429 shares of the company's stock, valued at approximately $160,000.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Adient by 96.5% during the 4th quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company's stock worth $13,828,000 after purchasing an additional 394,111 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Adient by 6.8% during the 4th quarter. Northern Trust Corp now owns 1,129,645 shares of the company's stock worth $19,464,000 after purchasing an additional 72,077 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Adient by 263.6% during the 4th quarter. Quantbot Technologies LP now owns 80,294 shares of the company's stock worth $1,383,000 after purchasing an additional 58,209 shares during the last quarter. Man Group plc acquired a new stake in shares of Adient during the 4th quarter worth about $704,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Adient during the 1st quarter worth about $601,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Trading Down 1.7%

Shares of ADNT stock traded down $0.38 during mid-day trading on Thursday, reaching $22.74. The company's stock had a trading volume of 1,122,724 shares, compared to its average volume of 1,087,527. The company's 50 day simple moving average is $19.01 and its 200-day simple moving average is $16.21. Adient has a 12-month low of $10.04 and a 12-month high of $26.59. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $1.91 billion, a PE ratio of -7.11, a price-to-earnings-growth ratio of 0.70 and a beta of 1.69.

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

Analysts Set New Price Targets

Several research firms have issued reports on ADNT. Bank of America raised their price target on shares of Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Barclays increased their price objective on shares of Adient from $18.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Citigroup started coverage on shares of Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price objective on the stock. UBS Group increased their price objective on shares of Adient from $15.00 to $25.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Morgan Stanley cut their price objective on shares of Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.06.

About Adient

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.