Adient $ADNT Shares Acquired by Towle & Co.

Towle & Co. lifted its position in shares of Adient (NYSE:ADNT) by 37.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 443,422 shares of the company’s stock after buying an additional 121,655 shares during the period. Adient accounts for approximately 2.7% of Towle & Co.’s portfolio, making the stock its 10th largest holding. Towle & Co.’s holdings in Adient were worth $10,678,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its holdings in Adient by 62.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock valued at $27,000 after acquiring an additional 439 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Adient during the second quarter worth $63,000. Meeder Asset Management Inc. grew its position in shares of Adient by 885.1% in the third quarter. Meeder Asset Management Inc. now owns 7,093 shares of the company’s stock valued at $171,000 after purchasing an additional 6,373 shares during the period. PNC Financial Services Group Inc. increased its stake in Adient by 24.6% in 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 last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Adient in the third quarter valued at $219,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Adient

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

Adient Stock Down 0.7%

ADNT opened at $24.83 on Friday. Adient has a 1 year low of $10.04 and a 1 year high of $27.32. The firm has a 50 day moving average price of $21.88 and a 200 day moving average price of $22.33. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.88 and a current ratio of 1.09. The company has a market cap of $1.95 billion, a PE ratio of -6.86, a price-to-earnings-growth ratio of 0.66 and a beta of 1.61.

Adient (NYSE:ADNT) last announced its quarterly earnings results 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 negative net margin of 2.06% and a positive return on equity of 8.18%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the previous year, the company posted $0.27 earnings per share. Adient’s revenue was up 4.3% compared to the same quarter last year. Sell-side analysts expect that Adient will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Adient from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Thursday, February 5th. UBS Group raised their target price on shares of Adient from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their price target on shares of Adient from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Citigroup increased their price target on shares of Adient from $22.50 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Finally, Barclays boosted their price objective on shares of Adient from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, February 6th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Adient currently has an average rating of “Hold” and an average price target of $27.44.

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.