AdientADNT
Market Cap: $1.84B
About: Adient began trading Oct. 31, 2016, when Johnson Controls spun off its automotive experience segment into this new company. Adient is the leading seating supplier to the industry with about one third of the global market. Its share in China is now nearly 20%, down from about 45%, following the sale of its main joint venture there at the end of fiscal 2021. Unconsolidated seating revenue from joint ventures after factoring in the sale was about $3.8 billion in fiscal 2023 and consolidated China revenue was $1.4 billion. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2023 (Sept. 30 year-end) consolidated revenue, which excludes joint venture sales, was $15.4 billion and fiscal 2024 is forecast to about $14.6 billion.
Employees: 70,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
2% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 96
1.95% less ownership
Funds ownership: 94.0% [Q1] → 92.06% (-1.95%) [Q2]
10% less funds holding
Funds holding: 309 [Q1] → 279 (-30) [Q2]
25% less call options, than puts
Call options by funds: $3.43M | Put options by funds: $4.6M
28% less capital invested
Capital invested by funds: $2.82B [Q1] → $2.04B (-$781M) [Q2]
49% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 61
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Adam Jonas 49% 1-year accuracy 30 / 61 met price target | 1%downside $21 | Underweight Maintained | 14 Aug 2024 |
JP Morgan Ryan Brinkman 41% 1-year accuracy 14 / 34 met price target | 28%upside $27 | Neutral Maintained | 8 Aug 2024 |
Barclays Dan Levy 24% 1-year accuracy 8 / 34 met price target | 14%upside $24 | Equal-Weight Maintained | 8 Aug 2024 |
UBS Colin Langan 20% 1-year accuracy 5 / 25 met price target | 14%upside $24 | Neutral Maintained | 7 Aug 2024 |
B of A Securities John Murphy 49% 1-year accuracy 17 / 35 met price target | 89%upside $40 | Buy Maintained | 22 Jul 2024 |