Virtu Financial LLC Acquires New Holdings in Adient (NYSE:ADNT)

Key Points

• Virtu Financial LLC acquired a new stake in Adient by purchasing 15,522 shares valued at approximately $200,000 during the first quarter.
• Adient's latest earnings report revealed an EPS of $0.45, which missed analysts' expectations by $0.02, while its revenue increased by 0.7% year-over-year to $3.74 billion.
• Analyst ratings for Adient are mixed, with a consensus rating of "Hold" and target prices ranging from $14.00 to $26.00, indicating varying levels of confidence among investors.

Virtu Financial LLC purchased a new stake in shares of Adient (NYSE:ADNT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,522 shares of the company's stock, valued at approximately $200,000.

Several other large investors have also recently modified their holdings of the business. Entropy Technologies LP bought a new position in shares of Adient during the first quarter valued at $138,000. Invesco Ltd. raised its stake in shares of Adient by 14.2% during the first quarter. Invesco Ltd. now owns 1,615,317 shares of the company's stock valued at $20,773,000 after acquiring an additional 201,276 shares during the last quarter. Covestor Ltd raised its stake in shares of Adient by 15.2% during the first quarter. Covestor Ltd now owns 6,984 shares of the company's stock valued at $90,000 after acquiring an additional 922 shares during the last quarter. Wolverine Asset Management LLC raised its stake in shares of Adient by 4,965.0% during the first quarter. Wolverine Asset Management LLC now owns 112,291 shares of the company's stock valued at $1,444,000 after acquiring an additional 110,074 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in shares of Adient by 68.5% during the first quarter. Ontario Teachers Pension Plan Board now owns 20,180 shares of the company's stock valued at $260,000 after acquiring an additional 8,205 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Adient Trading Down 1.4%

NYSE:ADNT opened at $23.61 on Friday. 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 stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -8.91, a PEG ratio of 0.79 and a beta of 1.72. The firm has a fifty day simple moving average of $21.26 and a two-hundred day simple moving average of $16.78. Adient has a 12 month low of $10.04 and a 12 month high of $24.25.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. Analysts expect that Adient will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

ADNT has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Adient from $18.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. UBS Group lifted their target price on shares of Adient from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Citigroup assumed coverage on shares of Adient in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 target price for the company. Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Bank of America lifted their target price 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, eight have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Adient has a consensus rating of "Hold" and a consensus target price of $21.06.

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.

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