Lombard Odier Asset Management USA Corp Invests $550,000 in Adient $ADNT

Lombard Odier Asset Management USA Corp acquired a new stake in shares of Adient (NYSE:ADNT) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,223 shares of the company’s stock, valued at approximately $550,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Leonteq Securities AG bought a new position in shares of Adient during the fourth quarter worth about $30,000. Quarry LP lifted its holdings 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 buying an additional 1,431 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Adient in the 2nd quarter valued at approximately $63,000. Parallel Advisors LLC boosted its position in shares of Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock valued at $64,000 after acquiring an additional 517 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Adient during the fourth quarter worth $64,000. Institutional investors own 92.44% of the company’s stock.

Adient Stock Up 1.4%

NYSE ADNT opened at $20.40 on Friday. The stock has a 50 day moving average price of $20.78 and a 200-day moving average price of $21.57. Adient has a one year low of $17.68 and a one year high of $27.32. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. The company has a market capitalization of $1.60 billion, a P/E ratio of 28.73, a P/E/G ratio of 0.39 and a beta of 1.53.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. The company had revenue of $3.87 billion for 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%.Adient’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. As a group, equities analysts predict that Adient will post 2.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ADNT shares. Wells Fargo & Company upped their price target on shares of Adient from $28.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft decreased their target price on Adient from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Stifel Nicolaus lowered their price objective on shares of Adient from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. UBS Group lifted their price target on Adient from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings raised shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.11.

Insiders Place Their Bets

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the transaction, the executive vice president owned 110,886 shares in the company, valued at approximately $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.94% of the company’s stock.

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.