40,848 Shares in Adient plc (NYSE:ADNT) Acquired by Man Group plc

Man Group plc purchased a new position in Adient plc (NYSE:ADNT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 40,848 shares of the company's stock, valued at approximately $704,000.

A number of other hedge funds also recently bought and sold shares of ADNT. Occudo Quantitative Strategies LP purchased a new stake in Adient during the fourth quarter valued at approximately $275,000. Millennium Management LLC raised its holdings in Adient by 2,039.0% during the 4th quarter. Millennium Management LLC now owns 610,312 shares of the company's stock valued at $10,516,000 after buying an additional 581,779 shares during the period. Jefferies Financial Group Inc. lifted its position in Adient by 44.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 13,318 shares of the company's stock worth $229,000 after buying an additional 4,077 shares during the last quarter. Deutsche Bank AG boosted its stake in Adient by 51.9% during the fourth quarter. Deutsche Bank AG now owns 78,109 shares of the company's stock worth $1,346,000 after buying an additional 26,687 shares during the period. Finally, Collar Capital Management LLC bought a new position in Adient during the fourth quarter valued at $313,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Adient Stock Down 0.6%

NYSE ADNT traded down $0.09 during trading on Friday, reaching $15.89. 97,933 shares of the company's stock traded hands, compared to its average volume of 1,508,385. The company's 50 day simple moving average is $13.14 and its two-hundred day simple moving average is $15.87. Adient plc has a 12-month low of $10.04 and a 12-month high of $28.48. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 794.50, a price-to-earnings-growth ratio of 0.34 and a beta of 1.60. 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 (NYSE:ADNT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, topping 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 firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the business posted $0.54 EPS. Adient's revenue was down 3.7% on a year-over-year basis. As a group, sell-side analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Citigroup initiated coverage on shares of Adient in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price target for the company. Bank of America cut Adient from a "neutral" rating to an "underperform" rating and cut their target price for the company from $24.00 to $18.00 in a research note on Tuesday, March 4th. Wall Street Zen raised Adient from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Wells Fargo & Company upped their price objective on Adient from $14.00 to $17.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Morgan Stanley decreased their target price on Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $18.22.

About Adient

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.