Vise Technologies Inc. Buys Shares of 12,258 Adient $ADNT

Vise Technologies Inc. bought a new position in Adient (NYSE:ADNT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,258 shares of the company’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jump Financial LLC boosted its position in Adient by 38.1% during the 1st quarter. Jump Financial LLC now owns 226,173 shares of the company’s stock valued at $2,909,000 after buying an additional 62,444 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Adient in the 1st quarter worth $1,036,000. Vanguard Group Inc. increased its position in shares of Adient by 1.5% in the first quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company’s stock valued at $44,820,000 after acquiring an additional 53,101 shares during the period. Entropy Technologies LP bought a new position in shares of Adient during the first quarter valued at about $138,000. Finally, HITE Hedge Asset Management LLC raised its stake in shares of Adient by 184.2% during the first quarter. HITE Hedge Asset Management LLC now owns 2,320,103 shares of the company’s stock valued at $29,837,000 after acquiring an additional 1,503,817 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

Shares of ADNT opened at $19.16 on Tuesday. Adient has a one year low of $10.04 and a one year high of $26.16. The business has a fifty day moving average of $23.27 and a 200 day moving average of $21.17. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.12 and a quick ratio of 0.93. The firm has a market capitalization of $1.56 billion, a P/E ratio of -5.74, a PEG ratio of 0.65 and a beta of 1.87.

Adient (NYSE:ADNT) last announced its earnings results on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%.The company had revenue of $3.51 billion during the quarter. As a group, sell-side analysts anticipate that Adient will post 1.76 EPS for the current year.

Analysts Set New Price Targets

ADNT has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on shares of Adient from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. Wall Street Zen cut Adient from a “buy” rating to a “hold” rating in a research note on Saturday. Cfra Research raised Adient from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 7th. UBS Group decreased their price objective on Adient from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Bank of America raised their price objective on Adient from $17.50 to $20.00 and gave the company an “underperform” rating in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Adient currently has a consensus rating of “Reduce” and a consensus target price of $22.69.

Adient Company Profile

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.