WINTON GROUP Ltd Buys Shares of 40,541 Adient $ADNT

WINTON GROUP Ltd purchased a new stake in shares of Adient (NYSE:ADNT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 40,541 shares of the company’s stock, valued at approximately $777,000.

A number of other large investors have also recently modified their holdings of ADNT. Royal Bank of Canada boosted its position in shares of Adient by 11.6% during the 1st quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock valued at $289,000 after acquiring an additional 2,331 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Adient by 171.1% during the 1st quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock valued at $2,977,000 after acquiring an additional 150,792 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Adient during the 1st quarter valued at about $236,000. First Trust Advisors LP boosted its position in shares of Adient by 6.8% during the 2nd quarter. First Trust Advisors LP now owns 273,823 shares of the company’s stock valued at $5,329,000 after acquiring an additional 17,400 shares during the last quarter. Finally, Amundi bought a new stake in shares of Adient during the 2nd quarter valued at about $269,000. Institutional investors own 92.44% of the company’s stock.

Adient Price Performance

Shares of Adient stock opened at $21.83 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The business’s 50 day simple moving average is $21.53 and its two-hundred day simple moving average is $21.39. The stock has a market capitalization of $1.71 billion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. Adient has a one year low of $17.69 and a one year high of $27.32.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Analysts forecast that Adient will post 2.1 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADNT. Stifel Nicolaus set a $28.00 price target on Adient in a research report on Thursday, May 7th. Wells Fargo & Company dropped their price target on Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings upgraded Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Citigroup upgraded Adient from a “neutral” rating to a “buy” rating and lifted their price target for the company from $30.00 to $33.00 in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price target on Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.00.

Insider Buying and Selling

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