Dimensional Fund Advisors LP Raises Position in Adient $ADNT

Dimensional Fund Advisors LP raised its position in Adient (NYSE:ADNT) by 5.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,384,904 shares of the company’s stock after acquiring an additional 211,843 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Adient worth $88,614,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. UBS Group AG increased its position in shares of Adient by 12.9% during the fourth quarter. UBS Group AG now owns 1,848,690 shares of the company’s stock worth $35,439,000 after purchasing an additional 210,758 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Adient by 117.8% in the 1st quarter. SG Americas Securities LLC now owns 913,585 shares of the company’s stock valued at $18,464,000 after purchasing an additional 494,054 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Adient by 18.8% in the 1st quarter. Principal Financial Group Inc. now owns 448,624 shares of the company’s stock valued at $9,067,000 after purchasing an additional 71,055 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Adient during the 4th quarter worth $777,000. Finally, Vanguard Group Inc. boosted its stake in Adient by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 4,684,882 shares of the company’s stock worth $89,809,000 after purchasing an additional 208,938 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Adient Price Performance

Adient stock opened at $21.58 on Thursday. The company’s 50 day simple moving average is $20.84 and its 200-day simple moving average is $21.62. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 30.39, a price-to-earnings-growth ratio of 0.42 and a beta of 1.53. Adient has a 1 year low of $17.68 and a 1 year high of $27.32. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.91 and a current ratio of 1.10.

Adient (NYSE:ADNT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.08. Adient had a net margin of 0.39% and a return on equity of 7.28%. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same quarter last year, the company posted $0.69 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that Adient will post 2.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ADNT shares. UBS Group increased their target price on shares of Adient from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Citigroup upgraded shares of Adient from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $33.00 in a research report on Wednesday, April 15th. Barclays upped their price objective on shares of Adient from $26.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Weiss Ratings upgraded shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, Stifel Nicolaus decreased their target price on shares of Adient from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Adient presently has an average rating of “Hold” and a consensus price target of $28.11.

Insider Buying and Selling

In other Adient news, EVP Heather M. Tiltmann sold 22,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $22.71, for a total transaction of $499,620.00. Following the transaction, the executive vice president directly owned 110,886 shares in the company, valued at $2,518,221.06. This represents a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is owned by company insiders.

Adient 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.