XTX Topco Ltd Purchases 14,686 Shares of Adient plc (NYSE:ADNT)

XTX Topco Ltd boosted its position in shares of Adient plc (NYSE:ADNT) by 98.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,579 shares of the company’s stock after buying an additional 14,686 shares during the period. XTX Topco Ltd’s holdings in Adient were worth $731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Adient by 44.5% during the second quarter. CWM LLC now owns 1,439 shares of the company’s stock valued at $36,000 after buying an additional 443 shares during the last quarter. Covestor Ltd boosted its stake in Adient by 201.5% during the first quarter. Covestor Ltd now owns 3,307 shares of the company’s stock valued at $109,000 after buying an additional 2,210 shares during the last quarter. Lazard Asset Management LLC bought a new position in Adient during the first quarter valued at approximately $135,000. Headlands Technologies LLC bought a new position in Adient during the first quarter valued at approximately $159,000. Finally, Verdence Capital Advisors LLC boosted its stake in Adient by 6.4% during the first quarter. Verdence Capital Advisors LLC now owns 8,342 shares of the company’s stock valued at $275,000 after buying an additional 501 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ADNT shares. Bank of America lowered their price objective on Adient from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Morgan Stanley lowered their price objective on Adient from $32.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, August 14th. Wolfe Research started coverage on Adient in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Barclays lowered their price objective on Adient from $29.00 to $24.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, BNP Paribas raised Adient from an “underperform” rating to a “neutral” rating and set a $26.00 price objective for the company in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.63.

Adient Trading Up 0.4 %

Shares of NYSE ADNT opened at $22.67 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.87 and a current ratio of 1.08. The business’s 50 day moving average price is $22.67 and its 200-day moving average price is $26.67. Adient plc has a fifty-two week low of $19.40 and a fifty-two week high of $37.36. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.53 and a beta of 2.16.

Adient (NYSE:ADNT) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.30). The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.82 billion. Adient had a return on equity of 6.34% and a net margin of 0.50%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. On average, sell-side analysts expect that Adient plc will post 1.77 earnings per share for the current year.

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.