Charles Schwab Investment Management Inc. Has $13.52 Million Holdings in Adient $ADNT

Charles Schwab Investment Management Inc. trimmed its holdings in Adient (NYSE:ADNT) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,051,259 shares of the company’s stock after selling 40,013 shares during the period. Charles Schwab Investment Management Inc. owned 1.25% of Adient worth $13,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of Adient by 6.8% in the fourth quarter. Northern Trust Corp now owns 1,129,645 shares of the company’s stock valued at $19,464,000 after buying an additional 72,077 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Adient in the first quarter valued at approximately $1,036,000. Man Group plc acquired a new stake in shares of Adient in the fourth quarter valued at approximately $704,000. SG Americas Securities LLC acquired a new stake in shares of Adient in the first quarter valued at approximately $601,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Adient by 105.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 369,035 shares of the company’s stock valued at $6,358,000 after buying an additional 189,574 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADNT. Cfra Research upgraded shares of Adient from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 7th. Barclays boosted their price objective on shares of Adient from $18.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Morgan Stanley boosted their price objective on shares of Adient from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Adient from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Finally, Stifel Nicolaus assumed coverage on shares of Adient in a research report on Thursday. They set a “buy” rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $21.72.

Adient Stock Performance

NYSE ADNT opened at $24.8470 on Friday. The firm’s fifty day moving average price is $21.82 and its two-hundred day moving average price is $17.00. The stock has a market cap of $2.02 billion, a PE ratio of -9.38, a PEG ratio of 0.83 and a beta of 1.72. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $24.96. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 1.12.

Adient (NYSE:ADNT) last posted its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.56 billion. Adient had a positive return on equity of 8.25% and a negative net margin of 1.53%.The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. On average, equities analysts expect that Adient will post 1.76 EPS for the current fiscal year.

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.