Sherbrooke Park Advisers LLC bought a new position in shares of Adient plc (NYSE:ADNT - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,300 shares of the company's stock, valued at approximately $298,000.
Other institutional investors have also modified their holdings of the company. Barclays PLC grew its holdings in shares of Adient by 127.0% during the third quarter. Barclays PLC now owns 208,239 shares of the company's stock worth $4,701,000 after buying an additional 116,518 shares in the last quarter. Franklin Resources Inc. raised its position in Adient by 85.4% during the third quarter. Franklin Resources Inc. now owns 59,694 shares of the company's stock worth $1,305,000 after acquiring an additional 27,491 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Adient by 36.5% in the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock valued at $9,281,000 after purchasing an additional 109,850 shares during the last quarter. KBC Group NV boosted 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 worth $93,000 after acquiring an additional 2,074 shares during the period. Finally, R Squared Ltd bought a new position in Adient during the fourth quarter worth $32,000. Institutional investors own 92.44% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on ADNT shares. Bank of America downgraded Adient from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $24.00 to $18.00 in a research report on Tuesday, March 4th. Barclays downgraded shares of Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. Wall Street Zen raised Adient from a "hold" rating to a "buy" rating in a research note on Thursday. UBS Group upped their price target on shares of Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Morgan Stanley dropped their price objective on shares of Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.22.
Check Out Our Latest Stock Analysis on ADNT
Adient Stock Performance
Shares of NYSE ADNT traded up $0.11 during mid-day trading on Thursday, hitting $15.01. The company had a trading volume of 1,417,305 shares, compared to its average volume of 1,416,203. The stock's 50-day moving average price is $12.99 and its 200-day moving average price is $16.07. Adient plc has a 1 year low of $10.04 and a 1 year high of $28.48. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 750.25, a P/E/G ratio of 0.34 and a beta of 1.60. 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 (NYSE:ADNT - Get Free Report) last posted its 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 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%. The firm's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. On average, sell-side analysts forecast that Adient plc will post 1.76 earnings per share for the current year.
Adient Company Profile
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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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