Adient (NYSE:ADNT) Stock Holdings Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its stake in shares of Adient (NYSE:ADNT) by 7.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,713 shares of the company’s stock after purchasing an additional 3,657 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Adient were worth $639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pzena Investment Management LLC lifted its position in Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company’s stock valued at $62,535,000 after purchasing an additional 803,961 shares during the last quarter. Invesco Ltd. grew its position in Adient by 22.0% in the 4th quarter. Invesco Ltd. now owns 1,414,041 shares of the company’s stock worth $24,364,000 after purchasing an additional 254,951 shares during the last quarter. Northern Trust Corp increased its stake in shares of Adient by 6.8% in the fourth quarter. Northern Trust Corp now owns 1,129,645 shares of the company’s stock valued at $19,464,000 after purchasing an additional 72,077 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Adient by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company’s stock valued at $18,803,000 after buying an additional 127,826 shares during the last quarter. Finally, Lyrical Asset Management LP raised its holdings in shares of Adient by 0.5% during the fourth quarter. Lyrical Asset Management LP now owns 1,020,869 shares of the company’s stock valued at $17,590,000 after buying an additional 4,984 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Trading Up 5.4%

Shares of Adient stock opened at $22.18 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 1.22. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -6.93, a price-to-earnings-growth ratio of 0.46 and a beta of 1.69. The business has a fifty day simple moving average of $16.20 and a 200-day simple moving average of $15.64. Adient has a fifty-two week low of $10.04 and a fifty-two week high of $26.59.

Adient (NYSE:ADNT) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.36 by $0.33. Adient had a negative net margin of 1.86% and a positive return on equity of 7.70%. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the business earned $0.54 earnings per share. Adient’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities analysts forecast that Adient will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ADNT. Barclays lowered Adient from an “equal weight” rating to a “negative” rating in a report on Tuesday, April 15th. Wall Street Zen cut Adient from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Citigroup initiated coverage on shares of Adient in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $14.00 price objective on the stock. Bank of America upped their price objective on shares of Adient from $15.00 to $17.50 and gave the stock an “underperform” rating in a report on Monday, June 16th. Finally, UBS Group raised their target price on shares of Adient from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.31.

Adient 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.