21,597 Shares in Adient plc (NYSE:ADNT) Bought by Twinbeech Capital LP

Twinbeech Capital LP 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 & Exchange Commission. The institutional investor purchased 21,597 shares of the company's stock, valued at approximately $372,000.

Several other institutional investors have also bought and sold shares of ADNT. Covestor Ltd increased its position in shares of Adient by 10.6% during the 4th quarter. Covestor Ltd now owns 6,062 shares of the company's stock valued at $104,000 after purchasing an additional 580 shares during the last quarter. Mariner LLC increased its position in Adient by 8.6% during the fourth quarter. Mariner LLC now owns 10,157 shares of the company's stock valued at $175,000 after acquiring an additional 801 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Adient in the fourth quarter valued at $25,000. Oarsman Capital Inc. lifted its holdings in shares of Adient by 98.7% in the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock worth $51,000 after acquiring an additional 1,473 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Adient during the 4th quarter worth about $32,000. Institutional investors own 92.44% of the company's stock.

Adient Stock Up 5.1%

Shares of ADNT traded up $0.76 during midday trading on Tuesday, reaching $15.49. 310,730 shares of the stock were exchanged, compared to its average volume of 1,528,953. The company has a current ratio of 1.08, a quick ratio of 0.86 and a debt-to-equity ratio of 1.11. The company's 50 day moving average is $13.04 and its two-hundred day moving average is $15.91. The company has a market capitalization of $1.30 billion, a P/E ratio of 774.25, 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.

Adient (NYSE:ADNT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.33. Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the firm posted $0.54 EPS. The company's revenue for the quarter was down 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that Adient plc will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADNT. Morgan Stanley reduced their price objective on shares of Adient from $17.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Wells Fargo & Company increased their price target on Adient from $14.00 to $17.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Citigroup assumed coverage on Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price objective for the company. Barclays downgraded Adient from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Finally, Wall Street Zen upgraded Adient from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.