Pzena Investment Management LLC lifted its position in Adient plc (NYSE:ADNT - Free Report) by 28.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,629,452 shares of the company's stock after acquiring an additional 803,961 shares during the quarter. Pzena Investment Management LLC owned 4.32% of Adient worth $62,535,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Adient by 23.2% in the 4th quarter. Victory Capital Management Inc. now owns 25,838 shares of the company's stock valued at $445,000 after purchasing an additional 4,861 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Adient by 13.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,091,272 shares of the company's stock valued at $18,803,000 after buying an additional 127,826 shares during the period. Jones Financial Companies Lllp raised its stake in Adient by 110.8% in the fourth quarter. Jones Financial Companies Lllp now owns 14,543 shares of the company's stock worth $251,000 after buying an additional 7,643 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in Adient in the fourth quarter worth approximately $794,000. Finally, IFP Advisors Inc lifted its holdings in Adient by 6,924.2% during the fourth quarter. IFP Advisors Inc now owns 2,318 shares of the company's stock worth $40,000 after buying an additional 2,285 shares during the period. 92.44% of the stock is currently owned by institutional investors.
Adient Stock Performance
Shares of NYSE:ADNT traded down $0.50 during trading on Thursday, hitting $13.48. The stock had a trading volume of 1,091,031 shares, compared to its average volume of 1,213,654. The stock has a 50-day simple moving average of $16.65 and a two-hundred day simple moving average of $19.11. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 673.80, a price-to-earnings-growth ratio of 0.34 and a beta of 2.27. Adient plc has a 12-month low of $13.44 and a 12-month high of $34.23. The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 1.11.
Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Adient had a positive return on equity of 6.94% and a negative net margin of 0.01%. During the same quarter in the previous year, the business earned $0.31 EPS. On average, equities research analysts expect that Adient plc will post 1.76 earnings per share for the current fiscal year.
Analyst Ratings Changes
ADNT has been the subject of several recent research reports. StockNews.com lowered Adient from a "buy" rating to a "hold" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on shares of Adient from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Morgan Stanley lowered their price target on shares of Adient from $19.00 to $17.00 and set an "underweight" rating on the stock in a report on Monday, March 3rd. UBS Group increased their target price on shares of Adient from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Barclays cut their price target on shares of Adient from $24.00 to $21.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.88.
Get Our Latest Stock Report on ADNT
About Adient
(
Free Report)
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.
Read More
Before you consider Adient, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adient wasn't on the list.
While Adient currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
