Counterpoint Mutual Funds LLC Sells 22,424 Shares of Adient $ADNT

Counterpoint Mutual Funds LLC lowered its holdings in Adient (NYSE:ADNT) by 51.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,755 shares of the company’s stock after selling 22,424 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Adient were worth $500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Greenwich Wealth Management LLC lifted its position in shares of Adient by 1.3% during the second quarter. Greenwich Wealth Management LLC now owns 35,211 shares of the company’s stock worth $685,000 after acquiring an additional 435 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Adient by 62.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after purchasing an additional 439 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Adient by 24.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,370 shares of the company’s stock worth $177,000 after purchasing an additional 1,456 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Adient by 7.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,571 shares of the company’s stock worth $420,000 after purchasing an additional 1,485 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Adient by 16.0% in the 2nd quarter. Bank of Montreal Can now owns 16,208 shares of the company’s stock worth $315,000 after purchasing an additional 2,238 shares during the period. 92.44% of the stock is owned by institutional investors.

Adient Trading Up 2.0%

NYSE ADNT opened at $24.87 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.09 and a debt-to-equity ratio of 1.17. The stock’s 50-day simple moving average is $22.11 and its two-hundred day simple moving average is $22.36. Adient has a twelve month low of $10.04 and a twelve month high of $27.32. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -6.87, a PEG ratio of 0.64 and a beta of 1.61.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on ADNT. Wall Street Zen upgraded Adient from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Stifel Nicolaus upped their target price on shares of Adient from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Morgan Stanley increased their target price on shares of Adient from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Adient from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, February 5th. Finally, UBS Group increased their price objective on Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.44.

About Adient

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.