Tudor Investment Corp ET AL Trims Position in Adient plc (NYSE:ADNT)

Tudor Investment Corp ET AL lessened its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 71.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,040 shares of the company's stock after selling 115,173 shares during the period. Tudor Investment Corp ET AL owned approximately 0.05% of Adient worth $776,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ADNT. R Squared Ltd purchased a new stake in Adient in the fourth quarter valued at approximately $32,000. Versant Capital Management Inc boosted its holdings in shares of Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after acquiring an additional 1,857 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock worth $40,000 after acquiring an additional 2,285 shares during the period. Sterling Capital Management LLC increased its stake in shares of Adient by 803.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock worth $47,000 after acquiring an additional 2,435 shares during the period. Finally, Oarsman Capital Inc. raised its holdings in shares of Adient by 98.7% during the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock worth $51,000 after purchasing an additional 1,473 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Adient Price Performance

Adient stock traded up $1.02 during midday trading on Friday, reaching $14.79. The company had a trading volume of 1,993,903 shares, compared to its average volume of 1,397,713. Adient plc has a 12-month low of $10.04 and a 12-month high of $30.29. The firm's fifty day simple moving average is $12.83 and its 200-day simple moving average is $16.32. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The company has a market capitalization of $1.24 billion, a P/E ratio of 739.50, a P/E/G ratio of 0.34 and a beta of 1.60.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.33. Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The business's revenue was down 3.7% on a year-over-year basis. As a group, equities analysts anticipate that Adient plc will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on ADNT. JPMorgan Chase & Co. cut their price target on Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Citigroup started coverage on Adient in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price target for the company. UBS Group upped their price objective on Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday. Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and cut their target price for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. Finally, Wells Fargo & Company raised their price target on shares of Adient from $13.00 to $14.00 and gave the company an "equal weight" rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.00.

About Adient

Adient plc engages in the design, development, manufacture, and market of seating systems and components for passenger cars, commercial vehicles, and light trucks. The company's automotive seating solutions include complete seating systems, frames, mechanisms, foams, head restraints, armrests, and trim covers.