Two Sigma Advisers LP Has $2.03 Million Position in Adient plc (NYSE:ADNT)

Two Sigma Advisers LP lessened its holdings in Adient plc (NYSE:ADNT - Free Report) by 54.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,000 shares of the company's stock after selling 141,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.14% of Adient worth $2,033,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in Adient in the 4th quarter valued at approximately $25,000. R Squared Ltd acquired a new stake in Adient during the 4th quarter valued at approximately $32,000. IFP Advisors Inc increased its position in Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after purchasing an additional 2,285 shares during the period. Sterling Capital Management LLC increased its position in Adient by 803.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock valued at $47,000 after purchasing an additional 2,435 shares during the period. Finally, Oarsman Capital Inc. increased its position in Adient by 98.7% during the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after purchasing an additional 1,473 shares during the period. Institutional investors own 92.44% of the company's stock.

Adient Trading Down 2.3%

Shares of ADNT stock traded down $0.37 during trading hours on Friday, hitting $15.61. 1,239,557 shares of the company were exchanged, compared to its average volume of 1,423,115. The firm has a market cap of $1.31 billion, a P/E ratio of 780.50, a P/E/G 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 company has a debt-to-equity ratio of 1.11, a quick ratio of 0.86 and a current ratio of 1.08. The company has a 50 day simple moving average of $13.16 and a two-hundred day simple moving average of $15.83.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the firm posted $0.54 EPS. Adient's revenue was down 3.7% compared to the same quarter last year. Equities analysts anticipate that Adient plc will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, May 19th. Wells Fargo & Company increased their target price on shares of Adient from $14.00 to $17.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Citigroup assumed coverage on shares of Adient in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 target price for the company. Bank of America downgraded shares of 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. Finally, UBS Group increased their target price on shares of Adient from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.22.

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.