Adient plc (NYSE:ADNT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Adient plc (NYSE:ADNT - Free Report) by 96.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 802,540 shares of the company's stock after acquiring an additional 394,111 shares during the period. JPMorgan Chase & Co. owned approximately 0.96% of Adient worth $13,828,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC boosted its stake in shares of Adient by 28.5% during the 4th quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock worth $62,535,000 after acquiring an additional 803,961 shares in the last quarter. Quantbot Technologies LP grew its holdings in Adient by 263.6% in the fourth quarter. Quantbot Technologies LP now owns 80,294 shares of the company's stock valued at $1,383,000 after purchasing an additional 58,209 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Adient by 36.5% in the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock valued at $9,281,000 after buying an additional 109,850 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Adient by 6,924.2% during the 4th quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock worth $40,000 after buying an additional 2,285 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Adient by 5.1% in the 4th quarter. Empowered Funds LLC now owns 309,891 shares of the company's stock worth $5,339,000 after buying an additional 15,109 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analysts Set New Price Targets

ADNT has been the subject of a number of research reports. UBS Group cut their target price on shares of Adient from $20.00 to $13.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their target price on Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Morgan Stanley dropped their price target on Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a research report on Monday, March 3rd. Barclays lowered Adient from an "equal weight" rating to a "negative" rating in a research note on Tuesday. Finally, StockNews.com upgraded shares of Adient from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $19.00.

Adient Trading Up 3.1 %

Shares of ADNT traded up $0.34 during trading hours on Thursday, hitting $11.29. The stock had a trading volume of 185,398 shares, compared to its average volume of 1,390,192. Adient plc has a 12-month low of $10.04 and a 12-month high of $31.19. The firm has a market cap of $947.60 million, a P/E ratio of 564.50, a P/E/G ratio of 0.34 and a beta of 1.97. 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's fifty day simple moving average is $14.21 and its 200 day simple moving average is $17.45.

Adient (NYSE:ADNT - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same period in the previous year, the company earned $0.31 earnings per share. Equities research analysts forecast 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.