Susquehanna Fundamental Investments LLC Buys New Shares in Adient plc (NYSE:ADNT)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Adient plc (NYSE:ADNT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 58,825 shares of the company's stock, valued at approximately $1,014,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of Adient as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ADNT. R Squared Ltd purchased a new position in shares of Adient during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc increased its position in Adient by 10,316.7% during the 4th quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock valued at $32,000 after buying an additional 1,857 shares in the last quarter. IFP Advisors Inc raised its stake in Adient by 6,924.2% during 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 during the last quarter. Sterling Capital Management LLC boosted its holdings in Adient by 803.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,738 shares of the company's stock worth $47,000 after acquiring an additional 2,435 shares in the last quarter. Finally, Oarsman Capital Inc. grew 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 acquiring an additional 1,473 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ADNT shares. Bank of America cut shares of Adient from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Citigroup began coverage on shares of Adient in a report on Wednesday, April 23rd. They set a "neutral" rating and a $14.00 price target on the stock. JPMorgan Chase & Co. cut 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 decreased their price target on Adient from $19.00 to $17.00 and set an "underweight" rating for the company in a research note on Monday, March 3rd. Finally, UBS Group reduced their price objective on Adient from $20.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.44.

Adient Stock Performance

Shares of Adient stock traded up $0.16 on Wednesday, hitting $12.80. 258,936 shares of the company's stock were exchanged, compared to its average volume of 1,384,145. 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 stock has a market capitalization of $1.07 billion, a PE ratio of 640.90, a PEG ratio of 0.34 and a beta of 1.60. Adient plc has a 1 year low of $10.04 and a 1 year high of $30.29. The company has a 50-day simple moving average of $12.90 and a 200-day simple moving average of $16.48.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.37. Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. As a group, equities analysts anticipate 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.