XTX Topco Ltd Purchases Shares of 76,048 Adient (NYSE:ADNT)

Key Points

• XTX Topco Ltd has acquired 76,048 shares of Adient (NYSE:ADNT), valued at approximately $978,000, during the first quarter, owning about 0.09% of the company.
• Adient reported earnings of $0.69 per share for the latest quarter, exceeding expectations, with revenues of $3.61 billion, but observed a 3.7% decline year-over-year.
• Several analysts have recently raised their price targets for Adient, with recommendations ranging from "underperform" to a "buy", and an average consensus price target of $20.06.

XTX Topco Ltd acquired a new position in shares of Adient (NYSE:ADNT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 76,048 shares of the company's stock, valued at approximately $978,000. XTX Topco Ltd owned approximately 0.09% of Adient at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Pzena Investment Management LLC grew its position in shares of Adient by 7.5% in the 1st quarter. Pzena Investment Management LLC now owns 3,901,573 shares of the company's stock valued at $50,174,000 after buying an additional 272,121 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Adient by 22.0% during the fourth quarter. Invesco Ltd. now owns 1,414,041 shares of the company's stock worth $24,364,000 after purchasing an additional 254,951 shares during the last quarter. Northern Trust Corp increased its position in shares of Adient by 6.8% during the fourth 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 in the last quarter. Lyrical Asset Management LP lifted 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 purchasing an additional 4,984 shares during the last quarter. Finally, HITE Hedge Asset Management LLC boosted its position in shares of Adient by 122.4% in the 4th quarter. HITE Hedge Asset Management LLC now owns 816,286 shares of the company's stock valued at $14,065,000 after purchasing an additional 449,272 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Adient Stock Down 0.2%

Shares of Adient stock opened at $21.40 on Friday. Adient has a one year low of $10.04 and a one year high of $24.27. The company has a market cap of $1.80 billion, a P/E ratio of -6.69, a PEG ratio of 0.76 and a beta of 1.72. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.11. The firm has a fifty day moving average of $19.81 and a two-hundred day moving average of $16.40.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $3.39 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The firm's revenue for the quarter was down 3.7% on a year-over-year basis. On average, analysts forecast that Adient will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on ADNT shares. Bank of America lifted their price target on Adient from $15.00 to $17.50 and gave the stock an "underperform" rating in a research report on Monday, June 16th. Wall Street Zen raised shares of Adient from a "hold" rating to a "buy" rating in a report on Friday, July 18th. 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. UBS Group lifted their price objective on shares of Adient from $15.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Citigroup initiated coverage on shares of Adient in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.06.

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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