Deutsche Bank AG Cuts Position in Adient $ADNT

Deutsche Bank AG reduced its stake in shares of Adient (NYSE:ADNT) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,035 shares of the company’s stock after selling 7,074 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Adient worth $914,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ADNT. Pzena Investment Management LLC grew its stake in Adient by 7.5% in the first quarter. Pzena Investment Management LLC now owns 3,901,573 shares of the company’s stock valued at $50,174,000 after purchasing an additional 272,121 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Adient by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company’s stock worth $44,820,000 after buying an additional 53,101 shares during the last quarter. Northern Trust Corp grew its position in shares of Adient by 6.8% in the 4th quarter. Northern Trust Corp now owns 1,129,645 shares of the company’s stock worth $19,464,000 after buying an additional 72,077 shares during the last quarter. Millennium Management LLC raised its stake in shares of Adient by 2,039.0% during the 4th quarter. Millennium Management LLC now owns 610,312 shares of the company’s stock worth $10,516,000 after acquiring an additional 581,779 shares in the last quarter. Finally, Bridgeway Capital Management LLC lifted its position in Adient by 2.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 544,891 shares of the company’s stock valued at $9,388,000 after acquiring an additional 15,109 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

Shares of ADNT opened at $24.8470 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 1.12. The stock has a 50-day moving average of $21.82 and a two-hundred day moving average of $17.01. The stock has a market cap of $2.02 billion, a P/E ratio of -9.38, a P/E/G ratio of 0.82 and a beta of 1.72. Adient has a one year low of $10.04 and a one year high of $24.96.

Adient (NYSE:ADNT) last announced its quarterly earnings data 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). Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same period in the prior year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts predict that Adient will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on ADNT. Bank of America lifted their price target on shares of Adient from $15.00 to $17.50 and gave the stock an “underperform” rating in a report on Monday, June 16th. Wall Street Zen raised Adient from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Cfra Research upgraded Adient from a “moderate sell” rating to a “hold” rating in a research note on Thursday, August 7th. Barclays increased their price target on Adient from $18.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley boosted their price target on Adient from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 12th. One 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.com, the stock has an average rating of “Reduce” and a consensus target price of $21.72.

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.