WINTON GROUP Ltd Takes $777,000 Position in Adient $ADNT

WINTON GROUP Ltd bought a new stake in shares of Adient (NYSE:ADNT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 40,541 shares of the company’s stock, valued at approximately $777,000. WINTON GROUP Ltd owned about 0.05% of Adient at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its position in shares of Adient by 62.6% during 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 during the last quarter. Leonteq Securities AG purchased a new stake in shares of Adient during the 4th quarter valued at $30,000. Quarry LP increased its position in shares of Adient by 163.9% during the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock valued at $55,000 after purchasing an additional 1,431 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Adient in the 2nd quarter worth about $63,000. Finally, GAMMA Investing LLC increased its holdings in Adient by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock worth $100,000 after acquiring an additional 764 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Adient Stock Down 0.7%

ADNT stock opened at $21.83 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $1.71 billion, a PE ratio of 30.74, a PEG ratio of 0.43 and a beta of 1.50. Adient has a twelve month low of $17.69 and a twelve month high of $27.32. The stock has a 50-day simple moving average of $21.53 and a two-hundred day simple moving average of $21.39.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, equities analysts predict that Adient will post 2.1 EPS for the current fiscal year.

Analyst Ratings Changes

ADNT has been the subject of several recent research reports. UBS Group lifted their price objective on Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Stifel Nicolaus set a $28.00 price objective on Adient in a report on Thursday, May 7th. Citigroup raised Adient from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $33.00 in a report on Wednesday, April 15th. Wells Fargo & Company decreased their price objective on Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.00.

Insiders Place Their Bets

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of Adient stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the completion of the transaction, the executive vice president owned 110,886 shares of the company’s stock, valued at $2,518,221.06. The trade was a 16.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.