SG Americas Securities LLC Increases Stock Position in Adient $ADNT

SG Americas Securities LLC increased its holdings in shares of Adient (NYSE:ADNT) by 5,271.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 419,531 shares of the company’s stock after buying an additional 411,720 shares during the period. SG Americas Securities LLC’s holdings in Adient were worth $8,042,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ADNT. GAMMA Investing LLC lifted its holdings in Adient by 17.2% during the fourth quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock worth $100,000 after buying an additional 764 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Adient during the 3rd quarter valued at $216,000. PharVision Advisers LLC bought a new stake in Adient during the 3rd quarter valued at $351,000. Verition Fund Management LLC boosted its position in Adient by 4.5% during the 3rd quarter. Verition Fund Management LLC now owns 97,297 shares of the company’s stock valued at $2,343,000 after acquiring an additional 4,180 shares in the last quarter. Finally, Quarry LP raised its position in shares of Adient by 163.9% in the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after acquiring an additional 1,431 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Trading Down 5.1%

Adient stock opened at $19.21 on Tuesday. The stock has a 50-day moving average of $22.68 and a two-hundred day moving average of $21.88. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.88 and a current ratio of 1.09. Adient has a one year low of $10.04 and a one year high of $27.32. The stock has a market cap of $1.50 billion, a PE ratio of -5.31, a price-to-earnings-growth ratio of 0.44 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

ADNT has been the subject of a number of analyst reports. UBS Group upped their price objective on Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Morgan Stanley raised 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. Barclays cut their price objective on shares of Adient from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday. Bank of America began coverage on shares of Adient in a research note on Wednesday, March 4th. They set an “underperform” rating and a $22.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of Adient from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Four equities 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.56.

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.