Susquehanna Fundamental Investments LLC Makes New $1.01 Million Investment in Adient plc (NYSE:ADNT)

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

A number of other hedge funds have also recently made changes to their positions in the company. Covestor Ltd raised its holdings in Adient by 10.6% in the 4th quarter. Covestor Ltd now owns 6,062 shares of the company's stock valued at $104,000 after buying an additional 580 shares during the last quarter. Mariner LLC increased its position in Adient by 8.6% in the 4th quarter. Mariner LLC now owns 10,157 shares of the company's stock valued at $175,000 after acquiring an additional 801 shares during the period. Oarsman Capital Inc. increased its position in Adient by 98.7% in the 4th quarter. Oarsman Capital Inc. now owns 2,966 shares of the company's stock valued at $51,000 after acquiring an additional 1,473 shares during the period. R Squared Ltd bought a new position in shares of Adient during the fourth quarter valued at $32,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Adient by 10,316.7% during the fourth quarter. Versant Capital Management Inc now owns 1,875 shares of the company's stock worth $32,000 after purchasing an additional 1,857 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. UBS Group lowered their target price on 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. cut 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. Bank of America downgraded shares of Adient from a "neutral" rating to an "underperform" rating and decreased their target price for the company from $24.00 to $18.00 in a research report on Tuesday, March 4th. Citigroup initiated coverage on shares of Adient in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $14.00 price target on the stock. Finally, Barclays cut shares of Adient from an "equal weight" rating to a "negative" rating in a research report on Tuesday, April 15th. Three 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, the company has an average rating of "Hold" and an average price target of $18.44.

Adient Stock Up 0.3 %

Adient stock opened at $12.69 on Friday. 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 cap of $1.06 billion, a PE ratio of 634.25, a price-to-earnings-growth ratio of 0.34 and a beta of 1.97. Adient plc has a fifty-two week low of $10.04 and a fifty-two week high of $30.89. The firm's 50-day simple moving average is $13.12 and its 200 day simple moving average is $16.71.

Adient (NYSE:ADNT - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Adient had a negative net margin of 0.01% and a positive return on equity of 6.94%. During the same period in the prior year, the business earned $0.31 earnings per share. Research analysts predict that Adient plc will post 1.76 EPS for the current fiscal year.

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.

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