Capital Fund Management S.A. Sells 36,248 Shares of Adient $ADNT

Capital Fund Management S.A. trimmed its position in shares of Adient (NYSE:ADNT) by 16.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 186,547 shares of the company’s stock after selling 36,248 shares during the period. Capital Fund Management S.A. owned about 0.23% of Adient worth $3,630,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ADNT. Brooklyn Investment Group increased its holdings in Adient by 23,600.0% during the 1st quarter. Brooklyn Investment Group now owns 2,133 shares of the company’s stock valued at $27,000 after purchasing an additional 2,124 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Adient by 991.0% in the 2nd 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 during the period. Fifth Third Bancorp grew its position in shares of Adient by 544.4% in the 2nd quarter. Fifth Third Bancorp now owns 2,133 shares of the company’s stock worth $42,000 after buying an additional 1,802 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Adient by 13,957.9% during the second quarter. Parallel Advisors LLC now owns 2,671 shares of the company’s stock valued at $52,000 after buying an additional 2,652 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Adient by 418.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 4,679 shares of the company’s stock valued at $60,000 after acquiring an additional 3,776 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of Adient stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $19.71, for a total transaction of $49,275.00. Following the completion of the transaction, the executive vice president owned 116,425 shares in the company, valued at approximately $2,294,736.75. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Adient Stock Down 1.7%

Shares of Adient stock opened at $18.86 on Wednesday. Adient has a 1 year low of $10.04 and a 1 year high of $26.16. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -5.65, a PEG ratio of 0.62 and a beta of 1.63. The company has a 50-day moving average of $22.11 and a 200 day moving average of $21.54. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.12 and a quick ratio of 0.93.

Adient (NYSE:ADNT) last announced its quarterly earnings data on Wednesday, May 31st. The company reported ($0.13) earnings per share for the quarter. Adient had a positive return on equity of 7.81% and a negative net margin of 1.93%.The business had revenue of $3.51 billion during the quarter. As a group, sell-side analysts anticipate that Adient will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ADNT has been the subject of a number of research analyst reports. Barclays dropped their price target on Adient from $27.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Adient in a research report on Wednesday, October 8th. Citigroup cut their target price on shares of Adient from $25.00 to $22.50 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Morgan Stanley increased their price target on shares of Adient from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 12th. Finally, UBS Group cut their price objective on Adient from $28.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $22.69.

Adient Company 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.