Adient (NYSE:ADNT) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Adient (NYSE:ADNT) by 3,211.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,742 shares of the company’s stock after purchasing an additional 27,874 shares during the period. GAMMA Investing LLC’s holdings in Adient were worth $370,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Jefferies Financial Group Inc. boosted its stake in shares of Adient by 44.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 13,318 shares of the company’s stock worth $229,000 after purchasing an additional 4,077 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Adient by 105.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,035 shares of the company’s stock worth $6,358,000 after purchasing an additional 189,574 shares during the last quarter. Vident Advisory LLC acquired a new stake in shares of Adient during the 4th quarter worth about $463,000. Twinbeech Capital LP acquired a new stake in shares of Adient during the 4th quarter worth about $372,000. Finally, State of Wyoming lifted its holdings in shares of Adient by 145.7% during the 4th quarter. State of Wyoming now owns 15,912 shares of the company’s stock worth $274,000 after acquiring an additional 9,435 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Trading Down 0.1%

NYSE ADNT opened at $18.87 on Friday. Adient has a one year low of $10.04 and a one year high of $26.59. The company’s 50 day moving average price is $14.83 and its 200 day moving average price is $15.61. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 1.11. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -5.90, a PEG ratio of 0.41 and a beta of 1.64.

Adient (NYSE:ADNT) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.36 by $0.33. Adient had a negative net margin of 1.86% and a positive return on equity of 7.70%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm posted $0.54 earnings per share. Adient’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, sell-side analysts predict that Adient will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Adient in a report on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Adient from $14.00 to $17.00 and gave the stock an “equal weight” rating in a report on Monday, May 19th. Barclays lowered shares of Adient from an “equal weight” rating to a “negative” rating in a report on Tuesday, April 15th. UBS Group increased their price objective on shares of Adient from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, Bank of America increased their price objective on shares of Adient from $15.00 to $17.50 and gave the stock an “underperform” rating in a report on Monday, June 16th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.17.

Adient Profile

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.