Adient plc (NYSE:ADNT) Shares Bought by CenterBook Partners LP

CenterBook Partners LP grew its holdings in Adient plc (NYSE:ADNT - Free Report) by 74.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,384 shares of the company's stock after purchasing an additional 36,807 shares during the quarter. CenterBook Partners LP owned approximately 0.10% of Adient worth $1,488,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Adient during the 4th quarter worth $32,000. Versant Capital Management Inc increased its stake in shares of Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock worth $32,000 after purchasing an additional 1,857 shares during the last quarter. IFP Advisors Inc lifted its holdings in Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock worth $40,000 after purchasing an additional 2,285 shares in the last quarter. Oarsman Capital Inc. boosted its position in shares of Adient by 98.7% during the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after acquiring an additional 1,473 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Adient by 62.3% during the 4th quarter. KBC Group NV now owns 5,402 shares of the company's stock valued at $93,000 after purchasing an additional 2,074 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley cut their price objective on Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a report on Monday, March 3rd. StockNews.com raised shares of Adient from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. Bank of America lowered Adient from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. decreased their target price on Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, Barclays decreased their target price on shares of Adient from $21.00 to $13.00 and set an "equal weight" rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $19.00.

Adient Stock Performance

Shares of NYSE ADNT traded up $0.21 during midday trading on Wednesday, hitting $11.10. The company's stock had a trading volume of 329,863 shares, compared to its average volume of 1,614,936. The firm's fifty day moving average price is $14.33 and its 200-day moving average price is $17.49. The firm has a market cap of $931.66 million, a P/E ratio of 555.00, a P/E/G ratio of 0.34 and a beta of 1.97. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. Adient plc has a 1-year low of $10.04 and a 1-year high of $31.19.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 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 period in the prior year, the business earned $0.31 earnings per share. On average, sell-side analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.

Adient Profile

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.