Jefferies Financial Group Inc. Purchases Shares of 96,414 Adient $ADNT

Jefferies Financial Group Inc. purchased a new stake in shares of Adient (NYSE:ADNT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 96,414 shares of the company’s stock, valued at approximately $1,848,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. boosted its stake in shares of Adient by 62.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,140 shares of the company’s stock worth $27,000 after acquiring an additional 439 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of Adient during the 4th quarter worth $30,000. Quarry LP raised its stake in shares of Adient by 163.9% in the third quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after buying an additional 1,431 shares during the period. Raymond James Financial Inc. bought a new position in shares of Adient in the second quarter worth about $63,000. Finally, GAMMA Investing LLC raised its stake in shares of Adient by 17.2% in the fourth quarter. GAMMA Investing LLC now owns 5,199 shares of the company’s stock worth $100,000 after buying an additional 764 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Adient Stock Performance

NYSE ADNT opened at $24.01 on Thursday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 33.82, a price-to-earnings-growth ratio of 0.44 and a beta of 1.48. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $21.08 and a 200-day moving average price of $21.19. Adient has a twelve month low of $14.89 and a twelve month high of $27.32.

Adient (NYSE:ADNT) last released 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. The firm had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.62 billion. Adient had a return on equity of 7.28% and a net margin of 0.39%.The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. As a group, equities research analysts predict that Adient will post 2.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADNT has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Adient in a research note on Thursday, May 7th. Morgan Stanley raised their price objective on Adient from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. UBS Group increased their price objective on shares of Adient from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wells Fargo & Company reduced their price objective on shares of Adient from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Finally, Bank of America began coverage on shares of Adient in a research note on Wednesday, March 4th. They issued an “underperform” rating and a $22.00 price objective for the company. 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.00.

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.