MassMutual Private Wealth & Trust FSB Has $42,000 Position in Adient $ADNT

MassMutual Private Wealth & Trust FSB lifted its stake in shares of Adient (NYSE:ADNT) by 991.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,182 shares of the company’s stock after acquiring an additional 1,982 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Adient were worth $42,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ADNT. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Adient by 22.4% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 4,500,736 shares of the company’s stock valued at $57,879,000 after purchasing an additional 823,638 shares during the last quarter. Pzena Investment Management LLC boosted its position in Adient by 7.5% during the first quarter. Pzena Investment Management LLC now owns 3,901,573 shares of the company’s stock worth $50,174,000 after purchasing an additional 272,121 shares during the period. Vanguard Group Inc. raised its stake in shares of Adient by 1.5% during the first quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company’s stock worth $44,820,000 after acquiring an additional 53,101 shares in the last quarter. HITE Hedge Asset Management LLC boosted its holdings in Adient by 184.2% in the first quarter. HITE Hedge Asset Management LLC now owns 2,320,103 shares of the company’s stock valued at $29,837,000 after acquiring an additional 1,503,817 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Adient by 14.2% in the 1st quarter. Invesco Ltd. now owns 1,615,317 shares of the company’s stock worth $20,773,000 after purchasing an additional 201,276 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ADNT shares. Barclays boosted their price objective on Adient from $18.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Cfra Research upgraded Adient from a “moderate sell” rating to a “hold” rating in a report on Thursday, August 7th. Bank of America boosted their price target on shares of Adient from $17.50 to $20.00 and gave the stock an “underperform” rating in a research note on Wednesday, September 10th. Morgan Stanley boosted their price target 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. Finally, Wall Street Zen upgraded shares of Adient from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Adient currently has a consensus rating of “Reduce” and a consensus price target of $21.75.

Adient Trading Down 2.6%

Shares of Adient stock opened at $24.57 on Friday. The company’s fifty day moving average price is $23.42 and its two-hundred day moving average price is $18.12. The firm has a market capitalization of $2.00 billion, a PE ratio of -9.27, a price-to-earnings-growth ratio of 0.94 and a beta of 1.76. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 0.92. Adient has a 52-week low of $10.04 and a 52-week high of $25.84.

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