Semanteon Capital Management LP Buys 4,435 Shares of Adient plc (NYSE:ADNT)

Semanteon Capital Management LP lifted its stake in Adient plc (NYSE:ADNT) by 17.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,241 shares of the company’s stock after acquiring an additional 4,435 shares during the period. Semanteon Capital Management LP’s holdings in Adient were worth $521,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. KBC Group NV grew its holdings in Adient by 51.8% in the 3rd quarter. KBC Group NV now owns 3,328 shares of the company’s stock valued at $75,000 after buying an additional 1,136 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Adient by 8.4% in the 3rd quarter. Victory Capital Management Inc. now owns 20,977 shares of the company’s stock valued at $473,000 after buying an additional 1,633 shares during the last quarter. R Squared Ltd acquired a new stake in Adient in the 4th quarter valued at approximately $32,000. Versant Capital Management Inc grew its holdings in Adient by 10,316.7% in 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 during the last quarter. Finally, IFP Advisors Inc grew its holdings in Adient by 6,924.2% in the 4th 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. 92.44% of the stock is owned by institutional investors.

Adient Price Performance

Shares of ADNT stock opened at $13.92 on Friday. The stock’s fifty day simple moving average is $16.28 and its 200 day simple moving average is $18.76. 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 firm has a market cap of $1.17 billion, a price-to-earnings ratio of 695.75, a P/E/G ratio of 0.34 and a beta of 2.27. Adient plc has a one year low of $13.34 and a one year high of $33.74.

Adient (NYSE:ADNT) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 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 last year, the business posted $0.31 earnings per share. On average, analysts expect that Adient plc will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ADNT shares. Barclays lowered their target price on Adient from $24.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Morgan Stanley lowered their target price on Adient from $19.00 to $17.00 and set an “underweight” rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company lowered Adient from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $27.00 to $20.00 in a report on Monday, December 16th. JPMorgan Chase & Co. decreased 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, UBS Group lifted their price objective on Adient from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.88.

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.