Adient $ADNT Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its holdings in Adient (NYSE:ADNT) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,934 shares of the company’s stock after purchasing an additional 30,552 shares during the quarter. Public Sector Pension Investment Board owned about 0.39% of Adient worth $7,632,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ADNT. Hantz Financial Services Inc. boosted its holdings in Adient by 62.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after purchasing an additional 439 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Adient during the second quarter worth $63,000. IFP Advisors Inc raised its holdings in shares of Adient by 68.4% in the second quarter. IFP Advisors Inc now owns 3,988 shares of the company’s stock worth $78,000 after acquiring an additional 1,620 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Adient by 885.1% in the third quarter. Meeder Asset Management Inc. now owns 7,093 shares of the company’s stock worth $171,000 after acquiring an additional 6,373 shares during the last quarter. Finally, Ethic Inc. purchased a new stake in shares of Adient in the second quarter valued at $210,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Adient Stock Performance

Shares of Adient stock opened at $25.95 on Wednesday. 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 1 year low of $10.04 and a 1 year high of $27.32. The firm’s 50-day simple moving average is $21.51 and its 200-day simple moving average is $22.27. The firm has a market cap of $2.03 billion, a PE ratio of -7.17, a price-to-earnings-growth ratio of 0.71 and a beta of 1.61.

Adient (NYSE:ADNT) last issued its earnings results on Wednesday, February 4th. The company reported $0.35 EPS 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 company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter last year, the firm earned $0.27 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Adient will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ADNT. JPMorgan Chase & Co. lifted their price objective on Adient from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. UBS Group lifted their price target on shares of Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft raised shares of Adient from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Thursday, February 5th. Barclays lifted their target price on shares of Adient from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Adient in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $27.44.

Insiders Place Their Bets

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total value of $49,275.00. Following the transaction, the executive vice president owned 116,425 shares of the company’s stock, valued at approximately $2,294,736.75. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is owned by 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.