Adient $ADNT Holdings Increased by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Adient (NYSE:ADNT) by 3.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,475,944 shares of the company’s stock after purchasing an additional 166,319 shares during the period. Vanguard Group Inc. owned 0.06% of Adient worth $107,781,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ADNT. Hantz Financial Services Inc. boosted its holdings in Adient by 62.6% during the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after buying an additional 439 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Adient during the 2nd quarter worth about $63,000. Meeder Asset Management Inc. boosted its holdings in shares of Adient by 885.1% in the third quarter. Meeder Asset Management Inc. now owns 7,093 shares of the company’s stock worth $171,000 after buying an additional 6,373 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Adient by 24.6% during the third quarter. PNC Financial Services Group Inc. now owns 7,370 shares of the company’s stock valued at $177,000 after acquiring an additional 1,456 shares during the period. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Adient in the 2nd quarter valued at approximately $213,000. Institutional investors own 92.44% of the company’s stock.

Adient Price Performance

NYSE ADNT opened at $22.14 on Thursday. The firm has a market cap of $1.73 billion, a P/E ratio of -6.12, a price-to-earnings-growth ratio of 0.60 and a beta of 1.56. The stock’s 50-day moving average is $22.63 and its two-hundred day moving average is $22.38. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $27.32. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.09 and a quick ratio of 0.88.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.16. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the prior year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on ADNT. Barclays lifted their price objective on shares of Adient from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, February 6th. Wall Street Zen upgraded Adient from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Adient in a research report on Wednesday, January 21st. UBS Group increased their target price on shares of Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Wells Fargo & Company lifted their price objective on Adient from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.67.

Adient Profile

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.