Invesco Ltd. increased its position in shares of Adient plc (NYSE:ADNT - Free Report) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,414,041 shares of the company's stock after acquiring an additional 254,951 shares during the period. Invesco Ltd. owned approximately 1.68% of Adient worth $24,364,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. Oarsman Capital Inc. raised its stake in shares of Adient by 98.7% in the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after acquiring an additional 1,473 shares in the last quarter. R Squared Ltd acquired a new position in Adient in the fourth quarter worth about $32,000. Versant Capital Management Inc lifted its holdings in shares of Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after acquiring an additional 1,857 shares during the period. KBC Group NV grew its stake in Adient by 62.3% during the fourth quarter. KBC Group NV now owns 5,402 shares of the company's stock worth $93,000 after buying an additional 2,074 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings 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 in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.
Adient Price Performance
Shares of ADNT traded up $0.45 during midday trading on Thursday, reaching $12.65. The stock had a trading volume of 190,935 shares, compared to its average volume of 1,395,753. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 631.50, a price-to-earnings-growth ratio of 0.34 and a beta of 1.97. 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 plc has a 12-month low of $10.04 and a 12-month high of $31.19. The company's 50-day moving average is $13.67 and its 200 day moving average is $17.08.
Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, equities analysts predict that Adient plc will post 1.76 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ADNT. Barclays downgraded shares of Adient from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on shares of Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. StockNews.com cut Adient from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Bank of America cut Adient from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $24.00 to $18.00 in a research report on Tuesday, March 4th. Finally, UBS Group lowered their target price on Adient from $20.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.44.
Check Out Our Latest Research Report on ADNT
Adient Profile
(
Free Report)
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.
Featured Articles
Before you consider Adient, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adient wasn't on the list.
While Adient currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
