Latest news with #Adient
Business Insider
19-05-2025
- Business
- Business Insider
Barclays Keeps Their Hold Rating on Adient (ADNT)
In a report released on May 16, Dan Levy from Barclays maintained a Hold rating on Adient (ADNT – Research Report), with a price target of $18.00. The company's shares closed last Friday at $15.82. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter According to TipRanks, Levy is an analyst with an average return of -3.6% and a 34.57% success rate. Levy covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Dana Holding, and BorgWarner. Adient has an analyst consensus of Moderate Sell, with a price target consensus of $15.29, which is a -3.35% downside from current levels. In a report released on May 8, Wells Fargo also maintained a Hold rating on the stock with a $14.00 price target.
Business Journals
24-04-2025
- Automotive
- Business Journals
Adient laying off hundreds of workers in Lexington and Columbia, Tenn.
By submitting your information you are agreeing to our Privacy Policy and User Agreement . Join the Memphis Business Journal to unlock even more insights! A global auto component supplier is laying off hundreds of workers in West Tennessee. A global auto component supplier is laying off more than 400 workers and closing two Tennessee facilities this summer. Plymouth, Michigan-based Adient recently filed two WARN (worker adjustment and retraining notification) notices with the Tennessee Department of Labor and Workforce Development. The publicly traded company, which makes automotive seating, has over 200 manufacturing and assembly plants worldwide, including one in West Tennessee and a facility in Middle Tennessee. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Adient filed the WARN notices a day apart. The first, on April 17, involves laying off 95 workers at 2206 Oakland Parkway in Columbia, about an hour south of Nashville. The second, larger WARN filing on April 21 is for the company's facility at 659 Natchez Trace Drive in Lexington. At that plant in Henderson County, 320 workers are going to be laid off. Lexington is about 25 miles east of Jackson, Tennessee. Adient plans to permanently close both plants effective June 27, 2025, resulting in the layoffs. Employees at the Columbia plant are represented by a collective bargaining agreement, while the Lexington plant's workers are not represented by such an agreement. Adient, which is traded on the New York Stock Exchange, has more than 70,000 employees at operations in 29 countries, producing seating for all major automakers. In November 2024 and January 2025, Adient laid off 172 workers in the Kansas City area. Sign up for the Business Journal's free morning and afternoon daily newsletters to receive the latest business news impacting the Memphis metro area. Download the free Memphis Business Journal app for breaking news alerts on your phone. Memphis-Area Manufacturing Companies Local employees Rank Prior Rank Rank / Prior rank / URL 1 1 Smith & Nephew 2 3 Carrier Global Corp. 3 7 ABB Installation Products View this list
Yahoo
31-03-2025
- Automotive
- Yahoo
Adient PLC (ADNT) Slid on Lower-than-Expected Sales Guidance
Hotchkis & Wiley, an investment management company, released its 'Hotchkis & Wiley Mid-Cap Value Fund' fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The Hotchkis & Wiley Mid-Cap Value Fund returned -2.39% in the fourth quarter, underperforming the Russell Midcap Value Index's -1.75% return. The portfolio underperformed the index over calendar year 2024. As in the previous year, value stocks lagged behind their growth counterparts for 2024. For more information on the fund's best picks in 2024, please check its top five holdings. In its fourth quarter 2024 investor letter, Hotchkis & Wiley Mid-Cap Value Fund emphasized stocks such as Adient plc (NYSE:ADNT). Adient plc (NYSE:ADNT) is a manufacturer of seating systems and components. The one-month return of Adient plc (NYSE:ADNT) was -13.09%, and its shares lost 59.87% of their value over the last 52 weeks. On March 28, 2025, Adient plc (NYSE:ADNT) stock closed at $12.81 per share with a market capitalization of $1.08 billion. Hotchkis & Wiley Mid-Cap Value Fund stated the following regarding Adient plc (NYSE:ADNT) in its Q4 2024 investor letter: "Adient plc (NYSE:ADNT), domiciled in England (with corporate offices in Plymouth, MI; Milwaukee, WI; Burscheid, Germany; and Shanghai, China), is one of the world's largest suppliers of seating systems and a leading components supplier for automotive interiors. The company's shares came under pressure in the quarter following the most recent quarter's earnings report, which pointed to lower-than-expected sales guidance. We believe Adient is an attractive company with a leading global position in automotive seating, a market segment that fairs well as the auto industry incorporates more advanced technologies. Adient's business is highly defensible, due to long product cycles, its global just-in-time infrastructure, and well-established customer relationships." A carpenter assembling an automotive seating system, using components, frames and mechanisms. Adient plc (NYSE:ADNT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held Adient plc (NYSE:ADNT) at the end of the fourth quarter compared to 17 in the third quarter. In the fiscal first quarter of 2025, Adient plc (NYSE:ADNT) reported consolidated net sales of approximately $3.5 billion compared to $3.7 billion in the prior year's quarter. While we acknowledge the potential of Adient plc (NYSE:ADNT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Adient plc (NYSE:ADNT) in another article, where we shared Hotchkis & Wiley Mid-Cap Value Fund's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Associated Press
29-01-2025
- Business
- Associated Press
Adient releases its 2024 Sustainability Report
PLYMOUTH, Mich., Jan. 29, 2025 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, yesterday released its fiscal year 2024 Sustainability Report. 'Our 2024 Sustainability Report is a testament to Adient's pursuit of excellence in environmental stewardship, social responsibility and robust governance practices,' said Jerome Dorlack, Adient president and CEO. 'Our sustainability initiatives continue to support our objective to be a preeminent global supplier of automotive seating. The work detailed in this report is consistent and aligned with our business strategy.' Key Highlights from the 2024 Sustainability Report: Environmental Achievements: Greenhouse Gas Emissions: Adient has achieved a 38% reduction in global scope 1 and 2 absolute greenhouse gas emissions1 compared to the base year 2019, with a goal of achieving a 75% reduction by 2030 Renewable Energy: As of Sept. 30, 2024, 29% of Adient's total electricity consumption globally is sourced from renewable energy Deforestation and Water Management: In fiscal year 2024, the company completed a supply chain mapping project for key forest commodities and launched initiatives to improve water management, achieving a 7% year-over-year reduction in total water withdrawals Sustainable Operations: Adient completed more than 1,500 continuous improvement projects in fiscal year 2024, resulting in significant annual savings, including 7,391 metric tons of CO2e2, 53,669 cubic meters of water, 8.8 million kWh-equivalent of fuel, 5,308 metric tons of waste, and 62 million kWh of energy Social Responsibility: Employee Health, Safety, and Well-being: Adient maintains a health and safety management system certified to the ISO 45001 Occupational Health and Safety standard; 98% of manufacturing sites3 are third-party audited and certified to the standard Diversity and Inclusion: Adient recognizes the benefits of having a diverse workforce. The company also supports diverse suppliers, spending more than $9.6 billion with minority-owned, women-owned and veteran-owned businesses since becoming Adient in 2016 Community Engagement: Adient's employees participated in numerous community outreach projects worldwide Governance and Compliance: Limited Assurance: Adient's 2024 Sustainability Report includes verified data on key sustainability metrics, such as scope 1 and 2 greenhouse gas emissions, total energy consumption and total water withdrawal. These metrics have been assured by a third party, validating the accuracy and reliability of our reported data Ethics and Integrity: In fiscal year 2024, 99% of Adient's global salaried workforce certified their compliance with the company's Ethics Policy Supplier Management: Adient launched a Global Comprehensive Supplier Scorecard to monitor supplier performance in areas such as quality, delivery and sustainability. Additionally, Adient established a supplier Center of Excellence to enhance supplier compliance and risk management processes 'At Adient, sustainability is at the core of everything we do,' said Stephanie Marianos, Adient executive vice president, global IT & business services and sustainability. 'Our achievements in fiscal year 2024 reflect our dedication to reducing our environmental footprint and fostering a culture of inclusivity and ethical business practices. We are excited to build on this momentum and drive further positive change in the years to come.' The full Adient 2024 Sustainability Report is available at About Adient: Adient (NYSE: ADNT) is a global leader in automotive seating. With approximately 70,000+ employees in 29 countries, Adient operates more than 200 manufacturing/assembly plants worldwide. We produce and deliver automotive seating for all major OEMs. From complete seating systems to individual components, our expertise spans every step of the automotive seat-making process. Our integrated, in-house skills allow us to take our products from research and design to engineering and manufacturing — and into millions of vehicles every year. For more information on Adient, please visit 3 Total for manufacturing sites in serial production for 18+ months
