Quantbot Technologies LP Raises Holdings in Adient plc (NYSE:ADNT)

Quantbot Technologies LP grew its position in Adient plc (NYSE:ADNT - Free Report) by 263.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,294 shares of the company's stock after acquiring an additional 58,209 shares during the period. Quantbot Technologies LP owned about 0.10% of Adient worth $1,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC lifted its holdings in Adient by 28.5% in the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock valued at $62,535,000 after acquiring an additional 803,961 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Adient by 144.9% in the third quarter. BNP Paribas Financial Markets now owns 210,477 shares of the company's stock valued at $4,750,000 after purchasing an additional 124,539 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Adient by 202.8% during the third quarter. Thrivent Financial for Lutherans now owns 69,831 shares of the company's stock worth $1,576,000 after buying an additional 46,766 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Adient by 36.5% during the third quarter. Principal Financial Group Inc. now owns 411,199 shares of the company's stock worth $9,281,000 after buying an additional 109,850 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Adient during the third quarter worth about $725,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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Adient Trading Up 2.7 %

NYSE ADNT traded up $0.39 during mid-day trading on Wednesday, reaching $14.98. 967,043 shares of the stock were exchanged, compared to its average volume of 1,287,529. The business's fifty day simple moving average is $16.16 and its 200 day simple moving average is $18.60. 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 $1.26 billion, a PE ratio of 748.65, a PEG ratio of 0.34 and a beta of 2.27. Adient plc has a 1-year low of $13.34 and a 1-year high of $33.74.

Adient (NYSE:ADNT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates 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 previous year, the company posted $0.31 earnings per share. On average, research analysts anticipate that Adient plc will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ADNT shares. Morgan Stanley decreased their price target on Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a research note on Monday, March 3rd. StockNews.com lowered Adient from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. Bank of America downgraded Adient from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $24.00 to $18.00 in a research note on Tuesday, March 4th. Wells Fargo & Company cut shares of Adient from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $27.00 to $20.00 in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. cut their target price on shares of Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, Adient presently has a consensus rating of "Hold" and an average target price of $20.88.

Adient Company 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.