Renaissance Technologies LLC trimmed its holdings in Adient (NYSE:ADNT – Free Report) by 63.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,900 shares of the company’s stock after selling 504,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Adient were worth $5,960,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Leonteq Securities AG bought a new stake in Adient during the 4th quarter valued at $30,000. Quarry LP boosted its position in Adient by 163.9% during the 3rd quarter. Quarry LP now owns 2,304 shares of the company’s stock worth $55,000 after acquiring 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 $63,000. Parallel Advisors LLC grew its stake in shares of Adient by 19.4% in the first quarter. Parallel Advisors LLC now owns 3,186 shares of the company’s stock worth $64,000 after purchasing an additional 517 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Adient during the fourth quarter valued at $64,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting Adient
Here are the key news stories impacting Adient this week:
- Positive Sentiment: Adient reported third-quarter revenue of approximately $3.93 billion, up 4.3% year over year and ahead of the roughly $3.71 billion analyst consensus. Americas and Asia sales increased, helping offset lower EMEA revenue. Adient third-quarter earnings report
- Positive Sentiment: Management reaffirmed its fiscal 2026 earnings and free-cash-flow outlook. Full-year revenue guidance of about $15.0 billion is above the approximately $14.8 billion Wall Street estimate, supporting the company’s sales outlook. Adient reports third-quarter financial results
- Positive Sentiment: Cash generation improved: non-GAAP free cash flow rose to $138 million from $115 million a year earlier, while operating cash flow reached $205 million. Adient also repurchased $30 million of stock during the quarter. Adient net sales rise to $3.93 billion
- Neutral Sentiment: Adient and Dow introduced a seating foam using ISCC PLUS-certified renewable content attribution. The initiative may strengthen sustainability credentials and customer offerings, but its near-term financial impact is unclear. Dow and Adient introduce next-generation seating foam
- Negative Sentiment: Adjusted earnings of $0.48 per share missed the $0.53–$0.56 consensus range, although they improved from $0.45 a year earlier. Reported net income attributable to Adient fell to $25 million from $36 million, and diluted EPS declined to $0.32 from $0.43, highlighting margin and profitability pressure. Adient misses third-quarter earnings estimates
- Negative Sentiment: The earnings miss, very low net margin, and continued leverage—with total debt of approximately $2.39 billion versus $924 million in cash—likely outweighed the revenue and cash-flow improvements. Recent insider activity also consisted of sales rather than purchases, a modest additional sentiment headwind. Adient third-quarter earnings call transcript
Adient Trading Down 3.0%
Adient (NYSE:ADNT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). Adient had a return on equity of 7.28% and a net margin of 0.39%.The company had revenue of $3.93 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the prior year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts predict that Adient will post 2.13 EPS for the current year.
Insider Buying and Selling at Adient
In other news, EVP Heather M. Tiltmann sold 22,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $22.71, for a total transaction of $499,620.00. Following the sale, the executive vice president owned 110,886 shares in the company, valued at $2,518,221.06. The trade was a 16.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on ADNT shares. UBS Group increased their target price on shares of Adient from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Barclays boosted their price target on shares of Adient from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Stifel Nicolaus reduced their price target on shares of Adient from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, July 20th. BNP Paribas Exane upgraded shares of Adient from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Adient from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.90.
View Our Latest Stock Analysis on ADNT
About Adient
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.
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