Aquatic Capital Management LLC bought a new stake in shares of Adient plc (NYSE:ADNT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 37,014 shares of the company's stock, valued at approximately $638,000.
Other hedge funds also recently bought and sold shares of the company. Covestor Ltd lifted its position in shares of Adient by 10.6% in the fourth quarter. Covestor Ltd now owns 6,062 shares of the company's stock valued at $104,000 after acquiring an additional 580 shares in the last quarter. Mariner LLC raised its stake in Adient by 8.6% during the 4th quarter. Mariner LLC now owns 10,157 shares of the company's stock valued at $175,000 after purchasing an additional 801 shares during the period. Oarsman Capital Inc. lifted its holdings in Adient by 98.7% in the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock worth $51,000 after purchasing an additional 1,473 shares in the last quarter. R Squared Ltd bought a new position in Adient in the 4th quarter worth approximately $32,000. Finally, Versant Capital Management Inc grew its holdings in Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after buying an additional 1,857 shares in the last quarter. Institutional investors own 92.44% of the company's stock.
Adient Price Performance
Shares of ADNT stock opened at $12.69 on Friday. The stock has a 50 day moving average price of $13.12 and a 200 day moving average price of $16.71. Adient plc has a 52-week low of $10.04 and a 52-week high of $30.89. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The firm has a market capitalization of $1.06 billion, a P/E ratio of 634.25, a P/E/G ratio of 0.34 and a beta of 1.97.
Adient (NYSE:ADNT - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the previous year, the business earned $0.31 EPS. As a group, sell-side analysts predict that Adient plc will post 1.76 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. UBS Group cut their target price on shares of Adient from $20.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Barclays lowered Adient from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Bank of America downgraded Adient from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Finally, StockNews.com upgraded Adient from a "hold" rating to a "buy" rating in a research report on Saturday, April 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.44.
View Our Latest Report on ADNT
Adient Company Profile
(
Free Report)
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.
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