AdientADNT
Market Cap: 2.25B
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.
Employees: 70,000
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
11% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 47
2.99% more ownership
Funds ownership: 89.95% [Q4 2023] → 92.94% (+2.99%) [Q1 2024]
2% more funds holding
Funds holding: 296 [Q4 2023] → 301 (+5) [Q1 2024]
9% less capital invested
Capital invested by funds: $3.06B [Q4 2023] → $2.79B (-$272M) [Q1 2024]
21% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 111
50% less funds holding in top 10
Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]
80% less call options, than puts
Call options by funds: $3.67M | Put options by funds: $18.5M
Research analyst outlook
17 Wall Street Analysts provided 1 year price forecasts over the past 6 months
17 analyst ratings
B of A Securities John Murphy | 60%upside $40 | Buy Maintained | 22 Jul 2024 |
JP Morgan Ryan Brinkman | 24%upside $31 | Neutral Maintained | 22 Jul 2024 |
Barclays Dan Levy | 16%upside $29 | Equal-Weight Maintained | 16 Jul 2024 |
UBS Colin Langan | 8%upside $27 | Neutral Maintained | 10 Jul 2024 |
Exane BNP Paribas James Picariello | 4%upside $26 | Neutral Upgraded | 1 Jul 2024 |