Twinbeech Capital LP Makes New Investment in Adient plc (NYSE:ADNT)

Twinbeech Capital LP purchased a new stake in Adient plc (NYSE:ADNT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,597 shares of the company's stock, valued at approximately $372,000.

Several other large investors also recently made changes to their positions in the company. Pzena Investment Management LLC increased 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 purchasing an additional 803,961 shares during the period. Invesco Ltd. boosted its holdings in shares of Adient by 22.0% in the fourth quarter. Invesco Ltd. now owns 1,414,041 shares of the company's stock valued at $24,364,000 after acquiring an additional 254,951 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Adient by 6.8% in the fourth quarter. Northern Trust Corp now owns 1,129,645 shares of the company's stock valued at $19,464,000 after acquiring an additional 72,077 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Adient by 13.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company's stock valued at $18,803,000 after acquiring an additional 127,826 shares in the last quarter. Finally, Lyrical Asset Management LP boosted its holdings in shares of Adient by 0.5% in the fourth quarter. Lyrical Asset Management LP now owns 1,020,869 shares of the company's stock valued at $17,590,000 after acquiring an additional 4,984 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ADNT shares. UBS Group raised their target price on shares of Adient from $13.00 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Wells Fargo & Company raised their price objective on shares of Adient from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Barclays lowered shares of Adient from an "equal weight" rating to a "negative" rating in a research note on Tuesday, April 15th. Bank of America lowered shares of Adient from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Finally, Citigroup began coverage on shares of Adient in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $18.22.

Adient Stock Down 0.7%

Shares of ADNT stock traded down $0.12 during trading hours on Wednesday, hitting $15.39. 111,300 shares of the company were exchanged, compared to its average volume of 1,414,342. The company has a market capitalization of $1.29 billion, a PE ratio of 769.00, a PEG ratio of 0.34 and a beta of 1.60. Adient plc has a 52 week low of $10.04 and a 52 week high of $28.48. The business has a 50 day moving average of $13.07 and a two-hundred day moving average of $15.91. 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 announced 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 company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The company's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Analysts anticipate that Adient plc will post 1.76 earnings per share 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.