12,315 Shares in Adient plc (NYSE:ADNT) Purchased by MQS Management LLC

MQS Management LLC bought a new stake in Adient plc (NYSE:ADNT) during the 3rd quarter, HoldingsChannel reports. The fund bought 12,315 shares of the company’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its position in shares of Adient by 44.5% during the 2nd quarter. CWM LLC now owns 1,439 shares of the company’s stock worth $36,000 after acquiring an additional 443 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Adient by 583.8% in the 3rd quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $42,000 after purchasing an additional 1,588 shares in the last quarter. Signaturefd LLC increased its stake in shares of Adient by 493.8% in the 3rd quarter. Signaturefd LLC now owns 2,191 shares of the company’s stock valued at $49,000 after purchasing an additional 1,822 shares during the last quarter. Covestor Ltd increased its stake in shares of Adient by 201.5% in the 1st quarter. Covestor Ltd now owns 3,307 shares of the company’s stock valued at $109,000 after purchasing an additional 2,210 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Adient during the 1st quarter worth $135,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADNT has been the topic of several research analyst reports. Bank of America reduced their price objective on Adient from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Barclays decreased their price target on shares of Adient from $29.00 to $24.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company dropped their price objective on shares of Adient from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. JPMorgan Chase & Co. decreased their target price on shares of Adient from $31.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, Wolfe Research assumed coverage on Adient in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.13.

Adient Price Performance

Shares of NYSE:ADNT opened at $20.40 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.90 and a current ratio of 1.11. Adient plc has a 52 week low of $19.30 and a 52 week high of $37.19. The firm has a market cap of $1.78 billion, a PE ratio of 88.70, a price-to-earnings-growth ratio of 0.41 and a beta of 2.18. The firm’s fifty day moving average is $21.38 and its 200-day moving average is $23.98.

Adient (NYSE:ADNT) last released its quarterly earnings results on Friday, November 8th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Adient had a return on equity of 6.86% and a net margin of 0.12%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the company posted $0.51 EPS. The business’s revenue was down 3.7% on a year-over-year basis. Sell-side analysts predict that Adient plc will post 2.67 earnings per share 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.