Intech Investment Management LLC Lowers Stake in Adient $ADNT

Intech Investment Management LLC lowered its stake in shares of Adient (NYSE:ADNT) by 84.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,925 shares of the company’s stock after selling 251,337 shares during the period. Intech Investment Management LLC owned 0.06% of Adient worth $919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hantz Financial Services Inc. increased its position in Adient by 62.6% in the third quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after purchasing an additional 439 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Adient in the fourth quarter worth about $30,000. Quarry LP grew its holdings in shares of Adient by 163.9% in the third quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after purchasing an additional 1,431 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Adient in the second quarter worth about $63,000. Finally, GAMMA Investing LLC lifted its stake in Adient by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock worth $100,000 after acquiring an additional 764 shares during the period. Institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

ADNT opened at $22.01 on Monday. Adient has a 52-week low of $15.86 and a 52-week high of $27.32. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The company has a market cap of $1.73 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. The firm’s 50-day moving average price is $21.42 and its 200-day moving average price is $21.31.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. Adient had a net margin of 0.39% and a return on equity of 7.28%. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the prior year, the company earned $0.69 EPS. Adient’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities analysts anticipate that Adient will post 2.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ADNT shares. JPMorgan Chase & Co. lowered their price objective on shares of Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Stifel Nicolaus set a $28.00 price objective on shares of Adient in a research note on Thursday, May 7th. Barclays upped their price objective on shares of Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. UBS Group upped their price objective on shares of Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Adient in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $28.00.

Insider Activity at Adient

In other news, EVP Heather M. Tiltmann sold 22,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the transaction, the executive vice president owned 110,886 shares in the company, valued at $2,518,221.06. This trade represents a 16.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.94% of the stock is owned by insiders.

About Adient

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.