Man Group plc Makes New Investment in Adient plc (NYSE:ADNT)

Man Group plc purchased a new stake in shares of Adient plc (NYSE:ADNT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,848 shares of the company's stock, valued at approximately $704,000.

A number of other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Adient during the 4th quarter valued at $32,000. IFP Advisors Inc raised its stake in shares of Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after purchasing an additional 2,285 shares during the period. Sterling Capital Management LLC raised its stake in shares of Adient by 803.6% during 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 during the period. Oarsman Capital Inc. raised its stake 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 purchasing an additional 1,473 shares during the period. Finally, KBC Group NV raised its stake 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 period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Adient Trading Up 3.2%

ADNT stock traded up $0.49 during trading on Thursday, hitting $15.87. 360,440 shares of the company traded hands, compared to its average volume of 1,415,007. The firm has a market capitalization of $1.33 billion, a PE ratio of 793.70, a P/E/G ratio of 0.34 and a beta of 1.60. Adient plc has a 1 year low of $10.04 and a 1 year high of $28.48. The company has a 50-day moving average of $13.10 and a 200-day moving average of $15.90. 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 (NYSE:ADNT - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $3.39 billion. Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. Adient's quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. Analysts predict that Adient plc will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADNT shares. Morgan Stanley decreased their price objective on Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, May 19th. UBS Group upped their target price on Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Bank of America lowered Adient from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Wells Fargo & Company upped their target price on Adient from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.