Adient $ADNT Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its holdings in shares of Adient (NYSE:ADNT) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 525,657 shares of the company’s stock after purchasing an additional 57,364 shares during the period. Allianz Asset Management GmbH’s holdings in Adient were worth $10,229,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group boosted its holdings in shares of Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock valued at $27,000 after buying an additional 2,124 shares during the period. GAMMA Investing LLC grew its holdings in shares of Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock valued at $29,000 after purchasing an additional 1,367 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Adient by 991.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock valued at $42,000 after purchasing an additional 1,982 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Adient by 544.4% during the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock worth $42,000 after purchasing an additional 1,802 shares during the period. Finally, CWM LLC lifted its holdings in shares of Adient by 91.4% in the 1st quarter. CWM LLC now owns 3,426 shares of the company’s stock worth $44,000 after purchasing an additional 1,636 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Adient Price Performance

Shares of NYSE ADNT opened at $23.53 on Wednesday. The stock has a market cap of $1.91 billion, a P/E ratio of -8.88, a P/E/G ratio of 0.83 and a beta of 1.77. The firm’s 50-day simple moving average is $24.18 and its 200 day simple moving average is $19.68. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.16. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.15.

Adient (NYSE:ADNT) last released its earnings results on Wednesday, May 31st. The company reported ($0.13) EPS for the quarter. The company had revenue of $3.51 billion for the quarter. Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. Equities analysts expect that Adient will post 1.76 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on ADNT shares. Zacks Research downgraded Adient from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. JPMorgan Chase & Co. upped their price target on shares of Adient from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley increased their price objective on shares of Adient from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Tuesday, August 12th. UBS Group boosted their target price on shares of Adient from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Adient in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Adient presently has an average rating of “Reduce” and an average price target of $24.00.

About Adient

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.