Y Intercept Hong Kong Ltd Invests $1.04 Million in Adient (NYSE:ADNT)

Y Intercept Hong Kong Ltd bought a new stake in shares of Adient (NYSE:ADNT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 80,583 shares of the company's stock, valued at approximately $1,036,000. Y Intercept Hong Kong Ltd owned 0.10% of Adient at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Covestor Ltd lifted its position in Adient by 10.6% during the 4th quarter. Covestor Ltd now owns 6,062 shares of the company's stock valued at $104,000 after purchasing an additional 580 shares during the period. Mariner LLC lifted its position in Adient by 8.6% during the 4th quarter. Mariner LLC now owns 10,157 shares of the company's stock valued at $175,000 after purchasing an additional 801 shares during the period. GAMMA Investing LLC lifted its position in Adient by 157.5% during the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company's stock valued at $29,000 after purchasing an additional 1,367 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Adient in the 4th quarter valued at approximately $25,000. Finally, Oarsman Capital Inc. raised its position in shares of Adient by 98.7% in the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after acquiring an additional 1,473 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADNT. Wall Street Zen upgraded shares of Adient from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Barclays increased their price target on shares of Adient from $18.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. UBS Group increased their price target on shares of Adient from $15.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Citigroup began coverage on shares of Adient in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on shares of Adient from $17.00 to $18.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $20.06.

Adient Stock Performance

NYSE ADNT remained flat at $22.73 during trading hours on Monday. The company had a trading volume of 121,202 shares, compared to its average volume of 1,456,162. The business's 50 day moving average price is $19.15 and its 200-day moving average price is $16.24. Adient has a twelve month low of $10.04 and a twelve month high of $26.59. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.11 and a quick ratio of 0.90. The firm has a market capitalization of $1.91 billion, a P/E ratio of -7.11, a price-to-earnings-growth ratio of 0.81 and a beta of 1.69.

Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.33. Adient had a positive return on equity of 7.70% and a negative net margin of 1.86%. The business 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 business earned $0.54 EPS. Adient's revenue for the quarter was down 3.7% compared to the same quarter last year. Research analysts predict that Adient will post 1.76 earnings per share for the current fiscal year.

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.