SG Americas Securities LLC Acquires New Position in Adient PLC (ADNT)

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SG Americas Securities LLC acquired a new stake in shares of Adient PLC (NYSE:ADNT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,025 shares of the company’s stock, valued at approximately $473,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC raised its stake in Adient by 268.8% during the second quarter. Mount Yale Investment Advisors LLC now owns 2,032 shares of the company’s stock valued at $100,000 after buying an additional 1,481 shares in the last quarter. Alps Advisors Inc. acquired a new stake in Adient during the second quarter valued at approximately $221,000. Massey Quick Simon & CO. LLC acquired a new stake in Adient during the second quarter valued at approximately $158,000. BlueMountain Capital Management LLC acquired a new stake in Adient during the second quarter valued at approximately $262,000. Finally, Oakbrook Investments LLC acquired a new stake in Adient during the third quarter valued at approximately $219,000. Hedge funds and other institutional investors own 97.85% of the company’s stock.

ADNT has been the topic of several research reports. Bank of America upgraded Adient from an “underperform” rating to a “hold” rating and set a $44.00 price objective on the stock in a research note on Thursday, September 13th. ValuEngine cut Adient from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Buckingham Research cut their price objective on Adient from $54.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 3rd. Wells Fargo & Co restated a “hold” rating and set a $30.00 price objective (down previously from $50.00) on shares of Adient in a research note on Wednesday, October 17th. Finally, Royal Bank of Canada cut their price objective on Adient to $21.00 and set a “sector perform” rating on the stock in a research note on Monday, November 12th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $39.46.

NYSE:ADNT opened at $17.37 on Wednesday. The company has a market cap of $1.66 billion, a PE ratio of 3.14, a P/E/G ratio of 0.34 and a beta of 0.61. Adient PLC has a 52 week low of $17.34 and a 52 week high of $84.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.03 and a quick ratio of 0.83.

Adient (NYSE:ADNT) last posted its earnings results on Friday, November 9th. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.04. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.11 billion. Adient had a positive return on equity of 13.51% and a negative net margin of 9.66%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.34 earnings per share. Equities research analysts anticipate that Adient PLC will post 4.39 EPS for the current year.

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Adient Profile

Adient plc designs, manufactures, and markets a range of seating systems and components for passenger cars, commercial vehicles, and light trucks. It operates through three segments: Seating, Seat Structures and Mechanisms (SS&M), and Interiors. The Seating segment produces seat systems for automotive and other mobility applications, as well as various components of seat systems, including foams, trims, and fabrics.

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Institutional Ownership by Quarter for Adient (NYSE:ADNT)

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