GAMMA Investing LLC Raises Holdings in Adient $ADNT

GAMMA Investing LLC boosted its stake in shares of Adient (NYSE:ADNT) by 82.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,081 shares of the company’s stock after purchasing an additional 1,846 shares during the quarter. GAMMA Investing LLC’s holdings in Adient were worth $79,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Jump Financial LLC increased its holdings in Adient by 38.1% during the 1st quarter. Jump Financial LLC now owns 226,173 shares of the company’s stock worth $2,909,000 after purchasing an additional 62,444 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Adient during the 1st quarter worth about $1,036,000. Vanguard Group Inc. increased its holdings in Adient by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 3,485,241 shares of the company’s stock worth $44,820,000 after purchasing an additional 53,101 shares during the period. Entropy Technologies LP purchased a new stake in Adient during the 1st quarter worth about $138,000. Finally, SG Americas Securities LLC purchased a new stake in Adient during the 1st quarter worth about $601,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Adient in a report on Thursday, August 21st. They set a “buy” rating and a $27.00 price target on the stock. Bank of America upped their price target on Adient from $17.50 to $20.00 and gave the stock an “underperform” rating in a report on Wednesday, September 10th. Wells Fargo & Company upgraded Adient from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $24.00 to $31.00 in a report on Thursday, September 25th. Zacks Research downgraded Adient from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, UBS Group increased their price objective on Adient from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.63.

Adient Stock Up 2.1%

Shares of NYSE ADNT opened at $24.91 on Friday. The stock has a market cap of $2.02 billion, a PE ratio of -9.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.77. The company has a quick ratio of 0.92, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. Adient has a 52-week low of $10.04 and a 52-week high of $25.84. The business has a 50-day moving average price of $23.79 and a 200 day moving average price of $18.72.

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

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.