Teacher Retirement System of Texas Makes New Investment in Adient (NYSE:ADNT)

Teacher Retirement System of Texas acquired a new position in shares of Adient (NYSE:ADNT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,429 shares of the company's stock, valued at approximately $160,000.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Adient by 23.2% in the 4th quarter. Victory Capital Management Inc. now owns 25,838 shares of the company's stock valued at $445,000 after buying an additional 4,861 shares during the period. Intech Investment Management LLC raised its holdings in shares of Adient by 7.9% in the 4th quarter. Intech Investment Management LLC now owns 34,673 shares of the company's stock worth $597,000 after purchasing an additional 2,529 shares in the last quarter. Xponance Inc. raised its holdings in shares of Adient by 17.1% in the 4th quarter. Xponance Inc. now owns 15,992 shares of the company's stock worth $276,000 after purchasing an additional 2,331 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Adient by 263.6% during the fourth quarter. Quantbot Technologies LP now owns 80,294 shares of the company's stock valued at $1,383,000 after acquiring an additional 58,209 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Adient by 8.5% during the fourth quarter. American Century Companies Inc. now owns 140,833 shares of the company's stock valued at $2,427,000 after acquiring an additional 11,058 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup assumed coverage on shares of Adient in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 price objective on the stock. Morgan Stanley dropped 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. Wall Street Zen upgraded shares of Adient from a "hold" rating to a "buy" rating in a research note on Friday. Barclays increased their price target on shares of Adient from $18.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Bank of America increased 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $20.06.

Adient Price Performance

Shares of Adient stock opened at $21.75 on Monday. 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 has a fifty-two week low of $10.04 and a fifty-two week high of $26.59. The firm has a fifty day moving average price of $18.46 and a two-hundred day moving average price of $16.05. The company has a market cap of $1.83 billion, a PE ratio of -6.80, a price-to-earnings-growth ratio of 0.66 and a beta of 1.69.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share 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 firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the firm earned $0.54 EPS. The business's revenue was down 3.7% on a year-over-year basis. Analysts expect that Adient will post 1.76 EPS for the current year.

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.

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