Adient $ADNT Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its position in shares of Adient (NYSE:ADNT) by 84.0% during the 4th quarter, HoldingsChannel reports. The fund owned 47,925 shares of the company’s stock after selling 251,337 shares during the quarter. Intech Investment Management LLC’s holdings in Adient were worth $919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in Adient by 62.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after buying an additional 439 shares during the period. Leonteq Securities AG purchased a new stake in Adient in the 4th quarter valued at about $30,000. Quarry LP raised its holdings in Adient by 163.9% in 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 period. Raymond James Financial Inc. purchased a new stake in Adient in the 2nd quarter valued at about $63,000. Finally, GAMMA Investing LLC raised its holdings in Adient by 17.2% in the 4th quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock valued at $100,000 after buying an additional 764 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Trading Down 0.3%

NYSE:ADNT opened at $22.01 on Monday. The stock has a fifty day moving average price of $21.42 and a two-hundred day moving average price of $21.31. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 0.43 and a beta of 1.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10. Adient has a 1 year low of $15.86 and a 1 year high of $27.32.

Adient (NYSE:ADNT) last announced its quarterly 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 analysts’ expectations of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. As a group, sell-side analysts anticipate that Adient will post 2.1 earnings per share for the current fiscal year.

Insider Transactions at Adient

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $22.71, for a total value of $499,620.00. Following the sale, the executive vice president directly owned 110,886 shares of the company’s stock, valued at approximately $2,518,221.06. This trade represents a 16.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

ADNT has been the topic of several research analyst reports. Bank of America initiated coverage on shares of Adient in a report on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Barclays boosted their price objective on Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Stifel Nicolaus set a $28.00 price objective on shares of Adient in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Adient from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Adient has a consensus rating of “Hold” and a consensus target price of $28.00.

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.