Adient $ADNT Position Raised by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of Adient (NYSE:ADNT) by 117.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 913,585 shares of the company’s stock after acquiring an additional 494,054 shares during the quarter. SG Americas Securities LLC’s holdings in Adient were worth $18,464,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. UBS Group AG increased its stake in shares of Adient by 12.9% in the fourth quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock valued at $35,439,000 after purchasing an additional 210,758 shares during the period. Vanguard Group Inc. raised its holdings in shares of Adient by 3.9% during the third quarter. Vanguard Group Inc. now owns 4,475,944 shares of the company’s stock valued at $107,781,000 after buying an additional 166,319 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Adient by 75.8% during the third quarter. Intech Investment Management LLC now owns 299,262 shares of the company’s stock worth $7,206,000 after buying an additional 129,010 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Adient during the fourth quarter worth approximately $777,000. Finally, Jefferies Financial Group Inc. bought a new position in Adient in the 4th quarter worth approximately $1,848,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Price Performance

NYSE ADNT opened at $20.29 on Friday. Adient has a 12 month low of $17.70 and a 12 month high of $27.32. The firm has a market capitalization of $1.59 billion, a PE ratio of 28.57, a P/E/G ratio of 0.39 and a beta of 1.50. The company’s 50 day simple moving average is $21.70 and its 200 day simple moving average is $21.54. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. As a group, equities research analysts forecast that Adient will post 2.1 EPS for the current fiscal year.

Insider Activity at Adient

In other news, EVP Heather M. Tiltmann sold 22,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total value of $499,620.00. Following the completion of the sale, the executive vice president owned 110,886 shares in the company, valued at $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $31.00 target price on shares of Adient in a research report on Thursday, May 7th. Weiss Ratings upgraded Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Barclays raised their price target on Adient from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. UBS Group lifted their price objective on shares of Adient from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Citigroup raised shares of Adient from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $33.00 in a report on Wednesday, April 15th. Five 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.44.

Adient 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.