Tudor Investment Corp ET AL Lowers Holdings in Adient $ADNT

Tudor Investment Corp ET AL reduced its position in Adient (NYSE:ADNT) by 43.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 169,730 shares of the company’s stock after selling 129,761 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Adient were worth $4,087,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Adient by 439.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,171,695 shares of the company’s stock worth $22,801,000 after acquiring an additional 954,441 shares during the period. Assenagon Asset Management S.A. raised its holdings in Adient by 921.9% during the third quarter. Assenagon Asset Management S.A. now owns 812,329 shares of the company’s stock worth $19,561,000 after purchasing an additional 732,837 shares in the last quarter. AQR Capital Management LLC lifted its position in Adient by 143.3% in the second quarter. AQR Capital Management LLC now owns 581,242 shares of the company’s stock valued at $11,276,000 after purchasing an additional 342,329 shares during the period. Dimensional Fund Advisors LP lifted its position in Adient by 8.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,215,764 shares of the company’s stock valued at $101,517,000 after purchasing an additional 328,555 shares during the period. Finally, Man Group plc boosted its holdings in Adient by 505.0% in the 3rd quarter. Man Group plc now owns 296,040 shares of the company’s stock valued at $7,129,000 after purchasing an additional 247,111 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ADNT shares. UBS Group boosted their target price on Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Barclays upped their price objective on Adient from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, February 6th. Wall Street Zen raised Adient from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Adient in a research note on Wednesday, January 21st. Finally, Morgan Stanley increased their price target on shares of Adient from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.67.

Adient Price Performance

Shares of NYSE:ADNT opened at $21.43 on Thursday. The business’s 50 day simple moving average is $22.81 and its 200-day simple moving average is $21.98. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -5.92, a price-to-earnings-growth ratio of 0.46 and a beta of 1.56. 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 has a 12 month low of $10.04 and a 12 month high of $27.32.

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

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.