Occudo Quantitative Strategies LP Makes New $275,000 Investment in Adient plc (NYSE:ADNT)

Occudo Quantitative Strategies LP acquired a new position in Adient plc (NYSE:ADNT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,983 shares of the company's stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Adient during the 4th quarter worth $32,000. IFP Advisors Inc boosted its position in Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock worth $40,000 after purchasing an additional 2,285 shares during the period. Sterling Capital Management LLC boosted its position in Adient by 803.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock worth $47,000 after purchasing an additional 2,435 shares during the period. Oarsman Capital Inc. increased its stake in shares of Adient by 98.7% in the fourth quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock worth $51,000 after purchasing an additional 1,473 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Adient by 62.3% in the fourth quarter. KBC Group NV now owns 5,402 shares of the company's stock valued at $93,000 after purchasing an additional 2,074 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Adient Price Performance

Shares of NYSE:ADNT traded down $0.04 on Thursday, hitting $14.86. The company's stock had a trading volume of 323,146 shares, compared to its average volume of 1,411,944. The company has a market capitalization of $1.25 billion, a PE ratio of 746.00, a PEG ratio of 0.34 and a beta of 1.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.08 and a quick ratio of 0.86. The company has a 50-day simple moving average of $12.99 and a 200 day simple moving average of $16.07. Adient plc has a 1 year low of $10.04 and a 1 year high of $28.48.

Adient (NYSE:ADNT - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share 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 period last year, the firm posted $0.54 earnings per share. Adient's quarterly revenue was down 3.7% on a year-over-year basis. Sell-side analysts forecast that Adient plc will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on ADNT. Bank of America downgraded shares of Adient from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $24.00 to $18.00 in a report on Tuesday, March 4th. Wells Fargo & Company raised their price target on Adient from $14.00 to $17.00 and gave the stock an "equal weight" rating in a report on Monday. Morgan Stanley reduced their price target on Adient from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday. 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 report on Monday, January 27th. Finally, Citigroup started coverage on Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 target price for the company. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Adient 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.