AdientADNT
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
1.9% less ownership
Funds ownership: 95.0% [Q1] → 93.1% (-1.9%) [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: $2.85B [Q1] → $2.07B (-$788M) [Q2]
49% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 61
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Morgan Stanley Adam Jonas 56% 1-year accuracy 34 / 61 met price target | 7%downside $19 | Underweight Maintained | 14 Nov 2024 |
B of A Securities John Murphy 69% 1-year accuracy 22 / 32 met price target | 47%upside $30 | Buy Maintained | 14 Oct 2024 |
Wells Fargo Colin Langan 50% 1-year accuracy 1 / 2 met price target | 32%upside $27 | Overweight Maintained | 20 Sept 2024 |
Deutsche Bank Edison Yu 40% 1-year accuracy 2 / 5 met price target | 18%upside $24 | Hold Reinstated | 10 Sept 2024 |
Financial journalist opinion
Based on 9 articles about ADNT published over the past 30 days