Adient $ADNT Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in Adient (NYSE:ADNT) by 441.0% in the 3rd quarter, Holdings Channel reports. The firm owned 69,085 shares of the company’s stock after purchasing an additional 56,316 shares during the period. Teacher Retirement System of Texas’ holdings in Adient were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Greenwich Wealth Management LLC increased its stake in Adient by 1.3% in the second quarter. Greenwich Wealth Management LLC now owns 35,211 shares of the company’s stock valued at $685,000 after purchasing an additional 435 shares during the period. Yousif Capital Management LLC grew its holdings in shares of Adient by 3.1% during the second quarter. Yousif Capital Management LLC now owns 37,363 shares of the company’s stock worth $727,000 after buying an additional 1,114 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Adient by 7.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,571 shares of the company’s stock valued at $420,000 after acquiring an additional 1,485 shares during the period. IFP Advisors Inc raised its stake in Adient by 68.4% during the 2nd quarter. IFP Advisors Inc now owns 3,988 shares of the company’s stock valued at $78,000 after acquiring an additional 1,620 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Adient by 16.0% during the 2nd quarter. Bank of Montreal Can now owns 16,208 shares of the company’s stock valued at $315,000 after acquiring an additional 2,238 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Adient Price Performance

Shares of NYSE ADNT opened at $20.81 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.93 and a current ratio of 1.12. Adient has a one year low of $10.04 and a one year high of $26.16. The firm has a market capitalization of $1.63 billion, a P/E ratio of -6.23, a PEG ratio of 0.52 and a beta of 1.61. The company’s fifty day moving average is $20.04 and its two-hundred day moving average is $22.01.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Adient had a negative net margin of 1.93% and a positive return on equity of 7.81%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS. Analysts forecast that Adient will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADNT. Wells Fargo & Company lifted their target price on Adient from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Morgan Stanley upgraded shares of Adient from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $17.00 to $20.00 in a research report on Monday, December 8th. Stifel Nicolaus boosted their price objective on shares of Adient from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Barclays raised their target price on shares of Adient from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Adient from $26.00 to $24.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.56.

Insider Activity

In other news, EVP Michel Pierre Rose Berthelin sold 2,500 shares of Adient stock in a transaction that occurred 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 in the company, valued at approximately $2,294,736.75. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.94% of the company’s stock.

Adient Company 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.