76,048 Shares in Adient (NYSE:ADNT) Purchased by XTX Topco Ltd

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) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 76,048 shares of the company's stock, valued at approximately $978,000. XTX Topco Ltd owned approximately 0.09% of Adient as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ADNT. Point72 Hong Kong Ltd purchased a new stake in Adient during the fourth quarter worth approximately $25,000. GAMMA Investing LLC lifted its stake in Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock worth $29,000 after purchasing an additional 1,367 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Adient by 803.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock worth $47,000 after purchasing an additional 2,435 shares during the last quarter. Oarsman Capital Inc. lifted its stake in Adient by 98.7% in the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after buying an additional 1,473 shares during the last quarter. Finally, CWM LLC lifted its stake in Adient by 91.4% in the first quarter. CWM LLC now owns 3,426 shares of the company's stock valued at $44,000 after buying an additional 1,636 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Price Performance

Shares of Adient stock traded down $0.29 on Thursday, hitting $22.59. The company's stock had a trading volume of 918,263 shares, compared to its average volume of 1,458,360. Adient has a 52-week low of $10.04 and a 52-week high of $24.25. 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 fifty day moving average price of $20.24 and a 200-day moving average price of $16.51. The company has a market capitalization of $1.90 billion, a P/E ratio of -7.08, a price-to-earnings-growth ratio of 0.79 and a beta of 1.72.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.56 billion. Adient had a positive return on equity of 7.70% and a negative net margin of 1.86%. Adient's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share. On average, equities research analysts expect that Adient will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays boosted their price objective on Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. UBS Group upped their price target on Adient from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday. Morgan Stanley cut their price target on Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company upped their price target on Adient from $18.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $20.94.

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.