Advisors Preferred LLC initiated a new position in Adient (NYSE:ADNT) during the third quarter, acquiring 44,760 shares valued at approximately $1.09 million. Other institutional investors also increased their holdings in Adient, which reported better-than-expected Q4 earnings but still faces a negative net margin and P/E ratio. Analysts have a mixed outlook on the stock, with a consensus “Hold” rating and a target price of $27.44.
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44,760 Shares in Adient $ADNT Acquired by Advisors Preferred LLC
Advisors Preferred LLC initiated a new position in Adient (NYSE:ADNT) during the third quarter, acquiring 44,760 shares valued at approximately $1.09 million. Other institutional investors also increased their holdings in Adient, which reported better-than-expected Q4 earnings but still faces a negative net margin and P/E ratio. Analysts have a mixed outlook on the stock, with a consensus “Hold” rating and a target price of $27.44.