17,300 Shares in Adient plc (NYSE:ADNT) Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC purchased a new position in shares of Adient plc (NYSE:ADNT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,300 shares of the company's stock, valued at approximately $298,000.

Other large investors also recently added to or reduced their stakes in the company. Pzena Investment Management LLC raised its stake in shares of Adient by 28.5% in the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock valued at $62,535,000 after acquiring an additional 803,961 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Adient in the fourth quarter valued at $11,395,000. Millennium Management LLC raised its stake in shares of Adient by 2,039.0% in the fourth quarter. Millennium Management LLC now owns 610,312 shares of the company's stock valued at $10,516,000 after acquiring an additional 581,779 shares in the last quarter. HITE Hedge Asset Management LLC raised its stake in shares of Adient by 122.4% in the fourth quarter. HITE Hedge Asset Management LLC now owns 816,286 shares of the company's stock valued at $14,065,000 after acquiring an additional 449,272 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Adient by 96.5% in the fourth quarter. JPMorgan Chase & Co. now owns 802,540 shares of the company's stock valued at $13,828,000 after acquiring an additional 394,111 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADNT has been the topic of several recent analyst reports. Bank of America lowered 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 report on Tuesday, March 4th. UBS Group increased their target price on Adient from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley dropped their target price on Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, May 19th. Wells Fargo & Company increased their target price on Adient from $14.00 to $17.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Citigroup initiated coverage on Adient in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 target price on the stock. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.22.

Adient Stock Performance

Shares of ADNT stock traded down $0.28 during mid-day trading on Friday, hitting $14.72. 1,170,686 shares of the stock were exchanged, compared to its average volume of 1,422,052. The stock's fifty day simple moving average is $13.03 and its two-hundred day simple moving average is $15.97. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 735.90, a P/E/G ratio of 0.34 and a beta of 1.60. Adient plc has a 12-month low of $10.04 and a 12-month high of $28.48. 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 quarterly earnings data on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 positive return on equity of 6.94% and a negative net margin of 0.01%. The business'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. On average, analysts forecast that Adient plc will post 1.76 EPS for the current year.

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.