Adient plc (NYSE:ADNT) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its position in Adient plc (NYSE:ADNT - Free Report) by 69.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,525 shares of the company's stock after purchasing an additional 145,851 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.42% of Adient worth $4,572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in Adient during the fourth quarter valued at approximately $25,000. IFP Advisors Inc boosted its position 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 during the period. Sterling Capital Management LLC increased its holdings in Adient by 803.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock valued at $47,000 after purchasing an additional 2,435 shares in the last quarter. Oarsman Capital Inc. raised its position in Adient by 98.7% in the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after purchasing an additional 1,473 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Adient by 10.6% during the fourth quarter. Covestor Ltd now owns 6,062 shares of the company's stock worth $104,000 after purchasing an additional 580 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Adient Stock Down 3.2%

NYSE ADNT traded down $0.60 during trading hours on Friday, reaching $18.37. 1,549,863 shares of the company traded hands, compared to its average volume of 1,440,356. The stock has a market capitalization of $1.54 billion, a PE ratio of 918.50, a PEG ratio of 0.34 and a beta of 1.64. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. Adient plc has a 12 month low of $10.04 and a 12 month high of $26.59. The company has a 50 day moving average of $14.03 and a two-hundred day moving average of $15.61.

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

Analyst Ratings Changes

Several brokerages recently commented on ADNT. Barclays downgraded Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. Wells Fargo & Company lifted their price objective on shares of Adient from $14.00 to $17.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Morgan Stanley decreased their target price on shares of Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, May 19th. Citigroup began coverage on shares of Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price target for the company. Finally, UBS Group boosted their price objective on shares of Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target 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.