UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Adient plc (NYSE:ADNT - Free Report) by 105.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 369,035 shares of the company's stock after buying an additional 189,574 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.44% of Adient worth $6,358,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of ADNT. JPMorgan Chase & Co. boosted its stake in shares of Adient by 96.5% during the 4th quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company's stock worth $13,828,000 after purchasing an additional 394,111 shares during the last quarter. Northern Trust Corp boosted its position in Adient by 6.8% during the fourth quarter. Northern Trust Corp now owns 1,129,645 shares of the company's stock worth $19,464,000 after acquiring an additional 72,077 shares during the last quarter. Pzena Investment Management LLC raised its holdings in Adient by 28.5% in the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock valued at $62,535,000 after acquiring an additional 803,961 shares during the last quarter. Quantbot Technologies LP raised its holdings in Adient by 263.6% in the 4th quarter. Quantbot Technologies LP now owns 80,294 shares of the company's stock valued at $1,383,000 after acquiring an additional 58,209 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Adient by 61.0% during the 4th quarter. Russell Investments Group Ltd. now owns 67,353 shares of the company's stock worth $1,160,000 after purchasing an additional 25,524 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on ADNT shares. Barclays downgraded Adient from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Wells Fargo & Company raised their price target on Adient from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. UBS Group upped their price objective on shares of Adient from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Citigroup initiated coverage on shares of Adient in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 target price on the stock. Finally, Morgan Stanley lowered their target price on shares of Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $18.22.
Get Our Latest Research Report on Adient
Adient Trading Up 0.7%
ADNT stock traded up $0.11 during midday trading on Thursday, reaching $15.78. 897,768 shares of the company's stock traded hands, compared to its average volume of 1,421,779. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. Adient plc has a fifty-two week low of $10.04 and a fifty-two week high of $28.46. The business has a 50-day moving average price of $13.26 and a two-hundred day moving average price of $15.73. The company has a market capitalization of $1.33 billion, a P/E ratio of 790.70, a PEG ratio of 0.34 and a beta of 1.60.
Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.33. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the business posted $0.54 EPS. The business's quarterly revenue was down 3.7% on a year-over-year basis. Equities research analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.
About Adient
(
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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