Adient plc (NYSE:ADNT) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Adient plc (NYSE:ADNT - Free Report) by 61.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,353 shares of the company's stock after purchasing an additional 25,524 shares during the period. Russell Investments Group Ltd. owned about 0.08% of Adient worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Adient in the fourth quarter worth about $32,000. Versant Capital Management Inc grew its holdings in Adient by 10,316.7% in the fourth 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. IFP Advisors Inc increased its position in shares of Adient by 6,924.2% in the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock valued at $40,000 after buying an additional 2,285 shares in the last quarter. Oarsman Capital Inc. raised its stake in shares of Adient by 98.7% during the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock worth $51,000 after buying an additional 1,473 shares during the period. Finally, KBC Group NV lifted its position in shares of Adient by 62.3% during the 4th quarter. KBC Group NV now owns 5,402 shares of the company's stock valued at $93,000 after buying an additional 2,074 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ADNT. Barclays downgraded shares of Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their target price on Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Citigroup assumed coverage on Adient in a research note on Wednesday. They issued a "neutral" rating and a $14.00 price objective for the company. UBS Group lowered their target price on shares of Adient from $20.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, StockNews.com cut shares of Adient from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.44.

Adient Stock Down 2.5 %

ADNT stock traded down $0.31 during trading on Friday, hitting $12.50. 186,736 shares of the company's stock were exchanged, compared to its average volume of 1,395,528. The business has a 50-day moving average price of $13.58 and a two-hundred day moving average price of $17.02. 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 market capitalization of $1.05 billion, a price-to-earnings ratio of 624.55, a PEG ratio of 0.34 and a beta of 1.97. Adient plc has a 52-week low of $10.04 and a 52-week high of $31.19.

Adient (NYSE:ADNT - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, equities research analysts expect that Adient plc will post 1.76 EPS for the current 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.