Squarepoint Ops LLC Trims Stock Position in Adient plc (NYSE:ADNT)

Squarepoint Ops LLC decreased its holdings in Adient plc (NYSE:ADNT - Free Report) by 24.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 356,230 shares of the company's stock after selling 116,802 shares during the quarter. Squarepoint Ops LLC owned about 0.42% of Adient worth $6,138,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Covestor Ltd raised its position in Adient by 10.6% in the fourth quarter. Covestor Ltd now owns 6,062 shares of the company's stock worth $104,000 after acquiring an additional 580 shares in the last quarter. Mariner LLC raised its position in Adient by 8.6% in the fourth quarter. Mariner LLC now owns 10,157 shares of the company's stock worth $175,000 after acquiring an additional 801 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Adient in the fourth quarter worth $25,000. 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 worth $51,000 after acquiring an additional 1,473 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Adient in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Citigroup assumed coverage on Adient in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 price objective for the company. Wall Street Zen raised Adient from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Bank of America lowered Adient from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. Wells Fargo & Company upped 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, Morgan Stanley lowered 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. 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.22.

Adient Price Performance

Shares of ADNT traded down $0.13 during trading hours on Friday, reaching $15.85. 143,916 shares of the company traded hands, compared to its average volume of 1,415,460. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.33 billion, a PE ratio of 792.95, a price-to-earnings-growth ratio of 0.34 and a beta of 1.60. Adient plc has a fifty-two week low of $10.04 and a fifty-two week high of $28.48. The stock has a fifty day simple moving average of $13.14 and a 200 day simple moving average of $15.87.

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, beating analysts' consensus estimates of $0.36 by $0.33. The business 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 revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. As a group, research analysts predict that Adient plc will post 1.76 EPS for the current fiscal year.

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.