Victory Capital Management Inc. Has $277,000 Position in Adient (NYSE:ADNT)

Victory Capital Management Inc. lowered its holdings in Adient (NYSE:ADNT) by 16.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,553 shares of the company’s stock after selling 4,285 shares during the quarter. Victory Capital Management Inc.’s holdings in Adient were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADNT. Covestor Ltd raised its position in shares of Adient by 10.6% during the fourth quarter. Covestor Ltd now owns 6,062 shares of the company’s stock worth $104,000 after acquiring an additional 580 shares during the last quarter. Mariner LLC raised its position in shares of Adient by 8.6% during the fourth quarter. Mariner LLC now owns 10,157 shares of the company’s stock worth $175,000 after acquiring an additional 801 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Adient by 157.5% during the first quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock worth $29,000 after acquiring an additional 1,367 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Adient during the fourth quarter worth $25,000. Finally, Oarsman Capital Inc. raised its position in shares of Adient by 98.7% during the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company’s stock worth $51,000 after acquiring an additional 1,473 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Price Performance

NYSE ADNT opened at $21.40 on Friday. The business has a 50 day simple moving average of $19.81 and a 200 day simple moving average of $16.40. Adient has a 52-week low of $10.04 and a 52-week high of $24.27. 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 stock has a market cap of $1.80 billion, a price-to-earnings ratio of -6.69, a PEG ratio of 0.76 and a beta of 1.72.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.33. Adient had a positive return on equity of 7.70% and a negative net margin of 1.86%. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the business earned $0.54 EPS. Adient’s revenue for the quarter was down 3.7% compared to the same quarter last year. Analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on ADNT. Wells Fargo & Company upped their price objective on Adient from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Citigroup began coverage on Adient in a report on Wednesday, April 23rd. They issued a “neutral” rating and a $14.00 price objective for the company. Barclays upped their price objective on Adient from $18.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Morgan Stanley dropped their price objective on Adient from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, May 19th. Finally, UBS Group upped their price objective on Adient from $15.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.06.

Adient Company 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.