Tudor Investment Corp ET AL Decreases Position in Adient $ADNT

Tudor Investment Corp ET AL trimmed its holdings in Adient (NYSE:ADNT) by 43.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,730 shares of the company’s stock after selling 129,761 shares during the quarter. Tudor Investment Corp ET AL owned about 0.21% of Adient worth $4,087,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its stake in Adient by 441.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 69,085 shares of the company’s stock worth $1,664,000 after acquiring an additional 56,316 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Adient by 439.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,171,695 shares of the company’s stock valued at $22,801,000 after acquiring an additional 954,441 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in Adient by 241.6% in the second quarter. Texas Permanent School Fund Corp now owns 146,486 shares of the company’s stock valued at $2,851,000 after acquiring an additional 103,603 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of 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 during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Adient by 16.2% during the second quarter. JPMorgan Chase & Co. now owns 1,462,162 shares of the company’s stock worth $28,454,000 after purchasing an additional 203,849 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Adient Price Performance

Shares of ADNT opened at $21.43 on Thursday. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $27.32. The company 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 firm has a 50-day simple moving average of $22.81 and a 200-day simple moving average of $21.98. 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 (NYSE:ADNT) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.16. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. On average, equities research analysts anticipate that Adient will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

ADNT has been the subject of several research reports. Barclays boosted their target price on Adient from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. UBS Group raised their price target on Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Citigroup boosted their price objective on Adient from $22.50 to $30.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft raised Adient from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Adient from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Four investment 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 MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.67.

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.