Adient $ADNT Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in Adient (NYSE:ADNT) by 86.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,811 shares of the company’s stock after selling 51,518 shares during the period. SG Americas Securities LLC’s holdings in Adient were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Adient by 11.6% in the first quarter. Royal Bank of Canada now owns 22,429 shares of the company’s stock worth $289,000 after acquiring an additional 2,331 shares during the period. AQR Capital Management LLC raised its holdings in Adient by 171.1% in the 1st quarter. AQR Capital Management LLC now owns 238,913 shares of the company’s stock worth $2,977,000 after purchasing an additional 150,792 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Adient during the first quarter worth approximately $236,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Adient in the second quarter valued at approximately $661,000. Finally, GAMMA Investing LLC increased its position in shares of Adient by 82.6% in the second quarter. GAMMA Investing LLC now owns 4,081 shares of the company’s stock valued at $79,000 after buying an additional 1,846 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

ADNT has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their target price on Adient from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Morgan Stanley raised shares of Adient from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $17.00 to $20.00 in a report on Monday, December 8th. Wall Street Zen raised shares of Adient from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. decreased their price target on shares of Adient from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, UBS Group set a $30.00 price objective on Adient and gave the stock a “buy” rating in a report on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.56.

Insider Activity at Adient

In other news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total transaction of $49,275.00. Following the completion of the transaction, the executive vice president directly owned 116,425 shares in the company, valued at approximately $2,294,736.75. This represents a 2.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by company insiders.

Adient Stock Down 2.5%

NYSE ADNT opened at $21.06 on Friday. Adient has a 52 week low of $10.04 and a 52 week high of $26.16. The company has a quick ratio of 0.93, a current ratio of 1.12 and a debt-to-equity ratio of 1.16. The business’s fifty day simple moving average is $20.01 and its 200-day simple moving average is $22.02. The firm has a market cap of $1.65 billion, a PE ratio of -6.30, a P/E/G ratio of 0.53 and a beta of 1.61.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.03). The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.58 billion. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%.Adient’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. As a group, equities analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Adient Company 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.