Jump Financial LLC Buys 134,729 Shares of Adient plc (NYSE:ADNT)

Jump Financial LLC grew its stake in shares of Adient plc (NYSE:ADNT - Free Report) by 464.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,729 shares of the company's stock after purchasing an additional 134,729 shares during the quarter. Jump Financial LLC owned about 0.20% of Adient worth $2,821,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Pzena Investment Management LLC increased its holdings in Adient by 28.5% during the fourth quarter. Pzena Investment Management LLC now owns 3,629,452 shares of the company's stock worth $62,535,000 after buying an additional 803,961 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Adient by 22.0% in the fourth quarter. Invesco Ltd. now owns 1,414,041 shares of the company's stock valued at $24,364,000 after purchasing an additional 254,951 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Adient by 13.3% in 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 purchasing an additional 127,826 shares during the last quarter. Lyrical Asset Management LP increased its holdings in shares of Adient by 0.5% in the fourth quarter. Lyrical Asset Management LP now owns 1,020,869 shares of the company's stock valued at $17,590,000 after purchasing an additional 4,984 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Adient by 1.1% in the fourth quarter. William Blair Investment Management LLC now owns 817,502 shares of the company's stock valued at $14,086,000 after purchasing an additional 8,645 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley decreased their price objective 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. Bank of America downgraded shares of Adient from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $24.00 to $18.00 in a report on Tuesday, March 4th. Barclays downgraded shares of Adient from an "equal weight" rating to a "negative" rating in a report on Tuesday, April 15th. UBS Group decreased their price target on shares of Adient from $20.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Adient from $24.00 to $21.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, Adient presently has a consensus rating of "Hold" and an average target price of $18.44.

Adient Price Performance

ADNT traded up $0.38 on Wednesday, hitting $12.39. 281,422 shares of the stock were exchanged, compared to its average volume of 1,395,054. Adient plc has a 12 month low of $10.04 and a 12 month high of $31.19. The business has a 50-day moving average of $13.77 and a two-hundred day moving average of $17.12. 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 capitalization of $1.04 billion, a price-to-earnings ratio of 619.50, a PEG ratio of 0.34 and a beta of 1.97.

Adient (NYSE:ADNT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 prior year, the firm posted $0.31 EPS. Sell-side analysts forecast 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.