Marshall Wace LLP Takes $960,000 Position in Adient plc (NYSE:ADNT)

Marshall Wace LLP bought a new position in Adient plc (NYSE:ADNT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 55,693 shares of the company's stock, valued at approximately $960,000. Marshall Wace LLP owned about 0.07% of Adient at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC raised its holdings in Adient by 127.0% during the 3rd quarter. Barclays PLC now owns 208,239 shares of the company's stock worth $4,701,000 after purchasing an additional 116,518 shares during the last quarter. Franklin Resources Inc. grew its holdings in Adient by 85.4% during the 3rd quarter. Franklin Resources Inc. now owns 59,694 shares of the company's stock worth $1,305,000 after acquiring an additional 27,491 shares during the period. Principal Financial Group Inc. raised its position in shares of Adient by 36.5% in the 3rd quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock worth $9,281,000 after acquiring an additional 109,850 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Adient by 10,316.7% in the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after purchasing an additional 1,857 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Adient by 1.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 209,674 shares of the company's stock valued at $3,613,000 after purchasing an additional 3,816 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on ADNT. UBS Group dropped their price target on Adient from $20.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley dropped their price objective on shares of Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a report on Monday, March 3rd. Citigroup assumed coverage on Adient in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price target on the stock. JPMorgan Chase & Co. dropped their price objective on Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Finally, Barclays lowered Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $18.44.

Adient Stock Performance

Shares of NYSE ADNT traded up $0.03 during midday trading on Tuesday, hitting $12.90. The company's stock had a trading volume of 62,253 shares, compared to its average volume of 1,525,668. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 645.00, a P/E/G ratio of 0.34 and a beta of 1.60. 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 stock has a fifty day moving average price of $12.96 and a 200 day moving average price of $16.51. Adient plc has a one year low of $10.04 and a one year high of $30.29.

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.