Y Intercept Hong Kong Ltd Purchases New Stake in Adient (NYSE:ADNT)

Y Intercept Hong Kong Ltd bought a new position in Adient (NYSE:ADNT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 80,583 shares of the company's stock, valued at approximately $1,036,000. Y Intercept Hong Kong Ltd owned approximately 0.10% of Adient at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Xponance Inc. raised its holdings in shares of Adient by 17.1% during the fourth quarter. Xponance Inc. now owns 15,992 shares of the company's stock valued at $276,000 after acquiring an additional 2,331 shares during the period. American Century Companies Inc. boosted its holdings in shares of Adient by 8.5% during the 4th quarter. American Century Companies Inc. now owns 140,833 shares of the company's stock worth $2,427,000 after buying an additional 11,058 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Adient during the 4th quarter worth $293,000. LPL Financial LLC bought a new stake in shares of Adient during the 4th quarter worth $216,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Adient by 27.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 96,735 shares of the company's stock worth $1,667,000 after buying an additional 20,720 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Adient Stock Down 0.1%

Shares of NYSE ADNT traded down $0.02 during midday trading on Friday, reaching $22.71. The company's stock had a trading volume of 992,383 shares, compared to its average volume of 1,110,200. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 1.22. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.59. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -7.10, a PEG ratio of 0.69 and a beta of 1.69. The stock has a 50 day simple moving average of $19.15 and a 200-day simple moving average of $16.25.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, topping 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 analysts' expectations of $3.39 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts predict that Adient will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADNT. Morgan Stanley decreased their price objective on shares of Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, May 19th. Bank of America upped their target price on shares of Adient from $15.00 to $17.50 and gave the company an "underperform" rating in a research note on Monday, June 16th. UBS Group upped their target price 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. Wall Street Zen upgraded shares of Adient from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Finally, Barclays increased their price objective on shares of Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $20.06.

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.