Mitsubishi UFJ Trust & Banking Corp Has $3.27 Million Stake in Adient $ADNT

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Adient (NYSE:ADNT) by 17.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 170,416 shares of the company’s stock after selling 34,869 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Adient were worth $3,267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ADNT. Hantz Financial Services Inc. increased its holdings in Adient by 62.6% in the third 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 period. Quarry LP increased its holdings in Adient by 163.9% in the third 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 period. Raymond James Financial Inc. acquired a new stake in Adient in the second quarter valued at $63,000. GAMMA Investing LLC increased its holdings in Adient by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock valued at $100,000 after purchasing an additional 764 shares during the period. Finally, Camelot Portfolios LLC acquired a new stake in Adient in the fourth quarter valued at $153,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADNT has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on Adient from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Bank of America initiated coverage on Adient in a report on Wednesday, March 4th. They set an “underperform” rating and a $22.00 price target for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adient in a report on Friday, April 17th. Citigroup upgraded Adient from a “neutral” rating to a “buy” rating and increased their price target for the stock from $30.00 to $33.00 in a report on Wednesday, April 15th. Finally, Weiss Ratings upgraded Adient from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.56.

Adient Stock Performance

Shares of Adient stock opened at $21.34 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.88 and a debt-to-equity ratio of 1.17. The business has a 50-day moving average price of $21.36 and a two-hundred day moving average price of $21.34. Adient has a 1-year low of $11.89 and a 1-year high of $27.32. The company has a market cap of $1.67 billion, a P/E ratio of -5.90, a PEG ratio of 0.49 and a beta of 1.48.

Adient (NYSE:ADNT) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.16. The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Adient had a negative net margin of 2.06% and a positive return on equity of 8.18%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. As a group, analysts anticipate that Adient will post 2.01 EPS for the current year.

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.