Adient plc (NYSE:ADNT) Shares Bought by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of Adient plc (NYSE:ADNT - Free Report) by 51.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,109 shares of the company's stock after purchasing an additional 26,687 shares during the period. Deutsche Bank AG owned approximately 0.09% of Adient worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Barclays PLC grew its position in Adient by 127.0% during the third quarter. Barclays PLC now owns 208,239 shares of the company's stock valued at $4,701,000 after buying an additional 116,518 shares during the period. KBC Group NV grew its position in Adient by 62.3% during the fourth quarter. KBC Group NV now owns 5,402 shares of the company's stock valued at $93,000 after buying an additional 2,074 shares during the period. R Squared Ltd acquired a new stake in Adient during the fourth quarter valued at $32,000. Advisors Preferred LLC acquired a new stake in Adient during the fourth quarter valued at $1,670,000. Finally, Empowered Funds LLC grew its position in Adient by 5.1% during the fourth quarter. Empowered Funds LLC now owns 309,891 shares of the company's stock valued at $5,339,000 after buying an additional 15,109 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Adient Price Performance

NYSE ADNT traded up $0.24 during trading hours on Thursday, hitting $15.62. 111,275 shares of the company's stock traded hands, compared to its average volume of 1,513,542. 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 $1.31 billion, a PE ratio of 780.75, a PEG ratio of 0.34 and a beta of 1.60. The firm's 50-day moving average is $13.10 and its 200-day moving average is $15.90. Adient plc has a 52-week low of $10.04 and a 52-week high of $28.48.

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. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. Adient's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. Equities analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Wells Fargo & Company lifted their target price on shares of Adient from $14.00 to $17.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and dropped their target price for the company from $24.00 to $18.00 in a research report on Tuesday, March 4th. Wall Street Zen upgraded shares of Adient from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, UBS Group boosted their price target on shares of Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Three 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.22.

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.