Virtu Financial LLC Invests $200,000 in Adient $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 acquired a new position in shares of Adient (NYSE:ADNT - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,522 shares of the company's stock, valued at approximately $200,000.

Other large investors have also recently made changes to their positions in the company. Northern Trust Corp boosted its position 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 purchasing an additional 72,077 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Adient in the 1st quarter valued at about $1,036,000. Man Group plc acquired a new stake in shares of Adient in the 4th quarter valued at about $704,000. SG Americas Securities LLC acquired a new stake in shares of Adient in the 1st quarter valued at about $601,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Adient by 105.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,035 shares of the company's stock valued at $6,358,000 after purchasing an additional 189,574 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADNT has been the subject of a number of research analyst reports. Bank of America upped their target price on Adient from $15.00 to $17.50 and gave the company an "underperform" rating in a research report on Monday, June 16th. Citigroup began coverage on Adient in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price objective for the company. Wells Fargo & Company upped their price objective on Adient from $18.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Morgan Stanley upped their price objective on Adient from $16.00 to $17.00 and gave the company an "underweight" rating in a research note on Tuesday, August 12th. Finally, UBS Group upped their price objective on Adient from $25.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Adient presently has a consensus rating of "Reduce" and an average target price of $21.72.

Adient Stock Performance

ADNT traded up $0.4470 on Thursday, hitting $23.5670. 1,218,650 shares of the company traded hands, compared to its average volume of 1,222,601. The company has a 50 day moving average of $21.69 and a 200-day moving average of $16.95. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.91 billion, a PE ratio of -8.89, a PEG ratio of 0.77 and a beta of 1.72. Adient has a 12-month low of $10.04 and a 12-month high of $24.25.

Adient (NYSE:ADNT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.02). The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.56 billion. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%.The business's quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $0.32 earnings per share. Sell-side analysts anticipate 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.