44,760 Shares in Adient $ADNT Acquired by Advisors Preferred LLC

Advisors Preferred LLC purchased a new stake in Adient (NYSE:ADNT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,760 shares of the company’s stock, valued at approximately $1,092,000. Advisors Preferred LLC owned 0.06% of Adient as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Towle & Co. increased its stake in shares of Adient by 37.8% in the 3rd quarter. Towle & Co. now owns 443,422 shares of the company’s stock valued at $10,678,000 after acquiring an additional 121,655 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Adient by 61.2% in the third quarter. GSA Capital Partners LLP now owns 37,591 shares of the company’s stock worth $905,000 after purchasing an additional 14,268 shares during the period. Vanguard Group Inc. grew its holdings in Adient by 3.9% in the third quarter. Vanguard Group Inc. now owns 4,475,944 shares of the company’s stock worth $107,781,000 after purchasing an additional 166,319 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in Adient in the third quarter valued at $2,173,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Adient by 24.6% during the third quarter. PNC Financial Services Group Inc. now owns 7,370 shares of the company’s stock valued at $177,000 after purchasing an additional 1,456 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ADNT. Morgan Stanley increased their price objective on shares of Adient from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Adient in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on Adient from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Citigroup upped their target price on Adient from $22.50 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Stifel Nicolaus increased their target price on Adient from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.44.

Adient Stock Down 0.7%

Shares of NYSE:ADNT opened at $24.83 on Friday. The business’s 50 day moving average is $21.88 and its 200 day moving average is $22.33. Adient has a 12-month low of $10.04 and a 12-month high of $27.32. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -6.86, a PEG ratio of 0.65 and a beta of 1.61. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 1.17.

Adient (NYSE:ADNT) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.16. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Adient had a positive return on equity of 8.18% and a negative net margin of 2.06%.The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. On average, sell-side analysts forecast that Adient will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Adient

In other Adient news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $19.71, for a total value of $49,275.00. Following the completion of the sale, the executive vice president owned 116,425 shares in the company, valued at approximately $2,294,736.75. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.94% of the company’s stock.

Adient Company Profile

Adient plc (NYSE: ADNT) is a leading global supplier of automotive seating and interior components. Established in 2016 through a spin-off from Johnson Controls, the company designs, engineers and manufactures complete seat assemblies, seat structures, mechanisms, foams, textiles, trim and electronics. Adient’s product portfolio spans a wide range of seating solutions, from entry-level designs to luxury and high-performance seats, and extends to interior modules such as door panels and center consoles.

Serving major original equipment manufacturers (OEMs) around the world, Adient works closely with automakers to develop lightweight, comfortable and safety-oriented seating systems.