AdientADNT
About: Adient began trading Oct. 31, 2016, when Johnson Controls spun off its automotive experience segment. 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 revenue from joint ventures was about $3.8 billion in fiscal 2024 and consolidated China revenue was $1.4 billion. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2024 (Sept. 30 year-end) consolidated revenue, which excludes joint venture sales, was $14.7 billion.
Employees: 70,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
17% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 75
4.33% more ownership
Funds ownership: 93.76% [Q2] → 98.09% (+4.33%) [Q3]
7% less capital invested
Capital invested by funds: $2.08B [Q2] → $1.93B (-$149M) [Q3]
9% less funds holding
Funds holding: 279 [Q2] → 255 (-24) [Q3]
28% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 60
31% less call options, than puts
Call options by funds: $3.86M | Put options by funds: $5.62M
100% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 0 (-2) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barclays Dan Levy 38% 1-year accuracy 15 / 39 met price target | 23%upside $21 | Equal-Weight Maintained | 22 Jan 2025 |
Wells Fargo Colin Langan 21% 1-year accuracy 7 / 34 met price target | 17%upside $20 | Equal-Weight Downgraded | 16 Dec 2024 |
B of A Securities John Murphy 57% 1-year accuracy 24 / 42 met price target | 40%upside $24 | Neutral Downgraded | 21 Nov 2024 |
Morgan Stanley Adam Jonas 59% 1-year accuracy 33 / 56 met price target | 11%upside $19 | Underweight Maintained | 14 Nov 2024 |
Financial journalist opinion
