Mutual of America Capital Management LLC Decreases Stake in Adient $ADNT

Mutual of America Capital Management LLC reduced its holdings in Adient (NYSE:ADNT) by 11.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,793 shares of the company’s stock after selling 1,430 shares during the period. Mutual of America Capital Management LLC’s holdings in Adient were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADNT. Brooklyn Investment Group lifted its stake in Adient by 23,600.0% in the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock worth $27,000 after purchasing an additional 2,124 shares in the last quarter. GAMMA Investing LLC lifted its stake in Adient by 157.5% in the 1st quarter. GAMMA Investing LLC now owns 2,235 shares of the company’s stock worth $29,000 after purchasing an additional 1,367 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Adient by 991.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,182 shares of the company’s stock worth $42,000 after buying an additional 1,982 shares in the last quarter. Fifth Third Bancorp lifted its position in Adient by 544.4% during the second quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock worth $42,000 after buying an additional 1,802 shares in the last quarter. Finally, CWM LLC lifted its position in Adient by 91.4% during the first quarter. CWM LLC now owns 3,426 shares of the company’s stock worth $44,000 after buying an additional 1,636 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Adient Stock Down 2.4%

Shares of ADNT opened at $23.12 on Friday. The firm has a market cap of $1.88 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 0.81 and a beta of 1.77. Adient has a 12-month low of $10.04 and a 12-month high of $26.16. The company’s 50-day moving average price is $24.19 and its 200 day moving average price is $20.29. The company has a current ratio of 1.12, a quick ratio of 0.92 and a debt-to-equity ratio of 1.15.

Adient (NYSE:ADNT) last released its quarterly earnings results on Wednesday, May 31st. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $3.51 billion during the quarter. Adient had a negative net margin of 1.53% and a positive return on equity of 8.25%. On average, sell-side analysts forecast that Adient will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Adient from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Barclays lifted their price target on Adient from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. UBS Group lifted their price target on Adient from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Wells Fargo & Company raised shares of Adient from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $24.00 to $31.00 in a research note on Thursday, September 25th. Finally, Stifel Nicolaus lifted their target price on shares of Adient from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adient currently has an average rating of “Reduce” and a consensus target price of $24.00.

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.